Stasia needs a new roof. She finds Stan, a roofing contractor, through an ad he posted in the local newspaper. Stan paid $60 to post the aid in the newspaper. After Stasia and Stan agree on the price for the new roof, they sign a contract, which stasia has a law firm write up for $95, stating that Stan will install Stasia's new roof for $2,200.  The transaction costs associated with this exchange are ?  a) $60 b) $155 c) $95 d) $2,355

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Stasia needs a new roof. She finds Stan, a roofing contractor, through an ad he posted in the local newspaper. Stan paid $60 to post the aid in the newspaper. After Stasia and Stan agree on the price for the new roof, they sign a contract, which stasia has a law firm write up for $95, stating that Stan will install Stasia's new roof for $2,200. 

The transaction costs associated with this exchange are ? 
a) $60

b) $155

c) $95

d) $2,355

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