Hilary no longer needs her old couch. She pays $20 to post an ad in the local paper: "FREE couch—you haul." Jeff needs a couch for his new home. He spots the ad and rents a van for $70 an hour in...

Hilary no longer needs her old couch. She pays $20 to post an ad in the local paper: "FREE couch—you haul." Jeff 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. Jeff 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