Table 4-E
the Schedule Below Shows the Prices That a Consumer

question 50

Multiple Choice

Table 4-E
The schedule below shows the prices that a consumer is willing to pay for pounds of shrimp:
$\begin{array}{cc}\text { Price Per Pound } & \text { Number of Pounds } \\&\text { Consumed Each Year }\\\$ 20 & 1 \\\$ 16 & 2 \\\$ 12 & 3 \\\$ 10 & 4 \\\$ 6 & 5 \\\$ 2 & 6\end{array}$

-Refer to Table 4-E.If the price of shrimp is $12 per pound, according to the schedule consumer surplus equals:

• A)$8.
• B)$12.
• C)$14.
• D)$36.
• E)$48.

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Definitions:

Cash Balance

The amount of cash a company or individual has on hand, reflecting the liquid assets available for immediate use.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated entity.

Bank Statement

A monthly or quarterly document provided by a bank, detailing all transactions in a customer's account during the statement period.

Check Register

A record book or a spreadsheet where all written checks, cash transactions, and deposits are recorded.