Jim's 5-Year-Old Hyundai Elantra Requires Repairs Estimated at $3,000 to Make

Jim's 5-year-old Hyundai Elantra requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:

-The cost(s) NOT relevant for this decision is(are) :

A) the acquisition cost of the Hyundai Elantra.
B) the acquisition cost of the Honda Civic.
C) the repairs to the Hyundai Elantra.
D) the annual operating costs of the Honda Civic.

Correct Answer:

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