23. Which of the following statements is correct? (A) The costs of reducing inflation are permanent, while the benefits are temporary. (B) The costs of increasing inflation are permanent, and the benefits are also permanent. (C) The costs of reducing inflation are temporary, while the benefits are permanent. (D) The costs of increasing inflation are temporary, while the benefits are permanent.

1. Bill is restoring a car and has already spent $4000 on the restoration. He expects to be able to sell the car for $6200. Bill discovers that he needs to do an additional $2400 of work to make the car worth $6200 to potential buyers. He could also sell the car now, without completing the additional work, for $3800. What should he do? (A) He should sell the car now for $3800. (B) He should keep the car since it wouldn't be rational to spend $6400 restoring a car and then sell it for only $6200. (C) He should complete the additional work and sell the car for $6200. (D) It does not matter if Bill sells the car now or completes the work and then sells it at the higher price because the outcome will be the same either way.

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