On August 18 2009 a 6

question 102

Multiple Choice

On August 18 2009 a 6.3 magnitude earthquake was detected south of the Fiji Islands. On August 23 2009 a 5.2 magnitude earthquake was detected in the same area. How many times more intense was the August 18th earthquake than the August 23rd earthquake? (Rounded to the nearest hundredth)

• A) 1.10
• B) 0.08
• C) 12.59
• D) 4.16
• E) 16.28

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Definitions:

Marginal Revenue Product

The additional revenue generated from hiring one more unit of labor or other input.

Complementary Inputs

Goods or services that are used together in production and whose use is interconnected, such that an increase in demand for one increases the demand for the other.

Marginal Physical Product

The marginal physical product is the change in output resulting from employing one more unit of a particular input, holding other inputs constant.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper alternatives.