Cost Allocation; Sharing Cab Fare Suppose there are three passengers sharing a single cabride and that passenger A’s usual fare to his destination would be $12, passenger B’s usual fare to herdestination would be $18, and passenger C’s fare would be $30. Because they are sharing the cab,and assuming no surcharge, the total cab fare is $30, rather than the $60 they would have had to payin total individually. So there is a $30 saving to sharing the cab.Required2. If the passengers decide to split the cab fare so that each passenger saves the same absolute amount ofmoney, how much will passenger B pay?a. $8b. $9c. $10d. $12

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