Suppose a buyer and a seller agree to split the cost of hiring an ...

[j.rubin]

Suppose a buyer and a seller agree to split the cost of hiring an interpreter who charges 4 per transaction. The seller's opportunity cost is 35, while the buyer values the good at 45 . If the gains from this transaction are split equally between the buyer and the seller, how much will each gain from this transaction?
 a. 10
  b. 4
  c. 3
  d. 5

Question 2

In the short run when output is zero, total cost is:
 a. equal to total variable cost.
  b. greater than total fixed cost.
  c. equal to total fixed cost.
  d. less than total fixed cost.
  e. less than total variable cost.

[tanna.moeller]

Answer to Question 1

C

Answer to Question 2

c

[j.rubin]

Thanks for the timely response, appreciate it

[bigcheese9]

Excellent