Question: Janis no longer needs her old couch. She pays $ 2 0 to post an ad in the local paper: FREE couch you haul. Jim

Janis no longer needs her old couch. She pays $20 to post an ad in the local paper: "FREE couchyou haul." Jim needs a couch for his new home. He spots the ad and rents a van for $70 an hour in order to haul the couch. Jim earns $22 per hour as a loan officer. He takes an hour off work in order to pick up the couch.
The transaction costs associated with this exchange are _____

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