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Question 1 0.5 pts Ahmed quit his job as a aircraft mechanic to open his own small plane repair business. The job he left paid
Question 1 0.5 pts Ahmed quit his job as a aircraft mechanic to open his own small plane repair business. The job he left paid him $4000 a month. He bought a tool set of small hand tools worth $20,000 with money he had saved. He also took a loan out to buy some larger equipment, and now owes the bank a loan payment of $5000 every month. He also leases a space at the local small plane airport for $1000 a month. He buys parts only as needed, and this month the parts cost him $2000. This month Ahmed repaired 10 aircraft at $1500 each. What is Ahmed's sunk costs? O $15,000 O $20,000 O $2,000 O $6,000
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