Use the Figure Below to Answer the Following Questions

question 57

Multiple Choice

Use the figure below to answer the following questions.

Figure 5.2.1
-Consider Figure 5.2.1. When the price is $4, what is the consumer surplus from the second unit of the good?

• A)$7
• B)$3
• C)$4
• D)$1
• E)$10

---

Definitions:

Group Formation Process

The series of phases or steps through which a group goes in coming together and developing as a cohesive unit.

Schachter (1959)

Refers to the study by Stanley Schachter which explored the phenomenon of social affiliation under conditions of anxiety.

Misery Loves Company

A saying that suggests people who are unhappy may get some consolation from knowing others are unhappy too.

Fight-Or-Flight Theory

A physiological theory that explains how animals and humans respond to threat or danger with a primary physiological reaction to either fight or flee.