Question
Question Content Area Angela is considering moving from her current residence to a larger apartment. She works from home, and her current apartment has noisy
Question Content Area
Angela is considering moving from her current residence to a larger apartment. She works from home, and her current apartment has noisy neighbors, making it difficult to concentrate. In addition, the new apartment is located in a more affluent area of town but managed by a friend who can give Angela a break on the rent. Angela's current rent is $900 per month, and she has two months remaining on her lease. Whether she continues to live there or not, she will have to pay the last two months of rent. The new, larger apartment normally rents for $1,000 per month, but Angela can rent it for $600 per month plus utilities, which should average $150 per month. Because the new apartment is larger, if Angela moves, she will need to buy additional furniture. She knows a great place to get some good quality, "gently used" furniture for a reasonable price. Which of the following is a sunk cost?
a. Utilities for the new apartment of $150 per month
b. The last two months of rent in the apartment
c. The cost of the used furniture
d. Rent of $600 per month for the new apartment
e. The noisy neighbors
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