A Thunderstorm Is Brewing in the Distance

question 31

Multiple Choice

A thunderstorm is brewing in the distance.Upon seeing a flash of lightning you begin counting the seconds until you hear the thunder and notice that it took 5 seconds for the sound of thunder to reach you.Assuming the speed of sound in air to be , estimate how far away was the lightning strike?

• A)1.6 km
• B)3.2 km
• C)8 km
• D)16 km

Evaluate the impact of market changes on consumer surplus.

Identify the total consumer surplus from graphical data or demand curves.

Determine consumer surplus at different price points for both individual consumers and aggregate markets.

Calculate the total consumer surplus in transactions involving multiple buyers and varying willingness to pay.

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