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


C

Economics

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The following graph depicts demand. The price elasticity of demand at point D is:

A. 2/5. B. 2. C. 1/2. D. 5/2.

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Refer to Scenario 1 . If you start the course in such a way that each exam score is worse than your previous average what should happen to your average score?

What would happen to your average if the next exam score was larger than your previous exam score? Explain.

Economics

Two teams played a game called Thai 21 on an episode of the television show Survivor. Call the teams Green and Red. The game begins with 21 flags. The teams take turns. When it is a team's turn, it can remove one, two, or three flags

The team that removes the last flag wins. Green goes first. Who should win this game, Green or Red?

Economics

One problem with deflation is that it can raise the real value of debt

Indicate whether the statement is true or false

Economics