Final answer:
The correct answer is option 3) 5500, indicating the current value of Mrs. Morrison's car. When Marvin decides between two used cars with a $600 price difference, he should consider various factors like condition, maintenance, and additional benefits that could justify a higher price.
Step-by-step explanation:
The current value of Mrs. Morrison's car is $5500, so the correct answer is option 3) 5500.
Determining the best value for Marvin when purchasing a used car depends on more than just the price tag. He must consider additional factors such as the car's condition, maintenance history, fuel efficiency, and potential repair costs. If the two cars he's looking at are similar in terms of mileage, exterior appearances, and age, then the decision should not be based solely on the price difference.
Marvin should thoroughly inspect both vehicles or possibly get them inspected by a mechanic, check for any hidden costs, and assess warranties or guarantees offered. The car costing $4,600 might include additional benefits, warranties, or have recent upgrades that could make it a more cost-effective choice in the long run, despite the higher initial expense.