Suppose that you bought an automobile that cost$10,000 two years ago. Suppose that your car could be sold now for $5,000. Youare trying to decide whether to drive or take the train to Kuala Lumpur toattend a concert. You have ample cash to do either, but you don’t want to wastemoney needlessly. Which of the following costs is relevant to this decision?
A.
the cost of the train ticket
B.
annual cost of licensing your car
C.
the historical purchasing cost of $10,000
D.
the market price of $5,000 in the second-hand market.