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:

Bank Statement Balance

The total amount of funds in a bank account at the end of a given statement period as recorded by the bank.

Bank Service Charge

Fees charged by banks for maintaining accounts and processing transactions for their customers.

Reconciled Balance

The balance of an account after all discrepancies have been resolved and all transactions have been accounted for.

Bank Statement

A document issued by a bank listing all transactions in an account over a specific period, including deposits, withdrawals, fees, and interest earned.