Use the figure below to answer the following questions. Price (dollars per unit) 10 Select one: O A. $4 O B. $10 O C. $7 O D. $3 O E. $1 8 6 4 2 0 2 4 6 Figure 5.2.1 O 8 10 Quantity (units) Consider Figure 5.2.1. When the price is $4 a unit, what is the consumer surplus from the second unit of the good?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 3CQQ
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Use the figure below to answer the following questions.
Price (dollars per unit)
10
Select one:
O A. $4
O B. $10
O C. $7
O
D. $3
O E. $1
8
6
4
2
0
2
4
6
Figure 5.2.1
O
8
10
Quantity (units)
Consider Figure 5.2.1. When the price is $4 a unit, what is the consumer surplus from the second unit of the good?
Transcribed Image Text:Use the figure below to answer the following questions. Price (dollars per unit) 10 Select one: O A. $4 O B. $10 O C. $7 O D. $3 O E. $1 8 6 4 2 0 2 4 6 Figure 5.2.1 O 8 10 Quantity (units) Consider Figure 5.2.1. When the price is $4 a unit, what is the consumer surplus from the second unit of the good?
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