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Author Question: Suppose a buyer and a seller agree to split the cost of hiring an interpreter who charges 4 per ... (Read 83 times)

j.rubin

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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.



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tanna.moeller

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Answer to Question 1

C

Answer to Question 2

c




j.rubin

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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