Incorrect

Question $11$

$\frac{0}{0\mathrm{.}25}$ pts

Mia is considering renovating a vintage bicycle and has already spent $$250$ on the restoration process. She foresees the potential to sell the bicycle for $$500.$ After evaluating the situation, Mia realizes that an extra $$150$ worth of work is needed to increase the bicycle's value to potential buyers up to $$500.$ Alternatively, she could choose to promptly sell the bicycle in its present condition for $$200.$ Given these alternatives, what should Mia decide to do$?$

Mia should opt to sell the bicycle immediately for $$200.$

It would be reasonable for Mia to retain the bicycle, as investing $$400$ in restoration only to sell it for $$500$ doesn't seem practical.

It would be reasonable for $M$ bicycle, as investing $$400$ in sell it for $$500$ doesn't seem selected this answer.

The choice between these actions is inconsequential since the eventual outcome will be the same regardless.

Mia should complete the additional work on the bicycle and then sell it for $$500.$