How Is Moment Magnitude (MW ) Calculated

question 58

Multiple Choice

How is Moment Magnitude (MW ) calculated?

• A) from average fault displacement, average fault rupture area, and rock shear strength in the fault zone or by measuring very long period waves on special long period seismometers, triggered to record only very large earthquakes
• B) from surface wave magnitude measured one minute after the first P- wave arrival
• C) from the amount of building or other infrastructure damage in large earthquakes with more than one minute of of ground shaking
• D) from S- wave magnitude measured one minute before the last P- wave arrival

Describe the role of technology and productivity in supply dynamics.

Understand the concept of market equilibrium and its determinants.

Assess the impact of external factors on market prices and quantities.

Comprehend the relationship between price changes and quantity demanded or supplied.

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Definitions:

Willingness to Pay

The maximum amount that a consumer is prepared to spend on a good or service.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is unattainable.

Single Price Monopolist

A monopolist who charges all consumers the same price for its product, irrespective of the quantity purchased.