In 1985,as a Result of the Michoacan Earthquake Many Buildings

question 55

Multiple Choice

In 1985,as a result of the Michoacan earthquake many buildings collapsed and killed about 8000 people in Mexico City,even though the city lies 350 miles from the epicenter.This was caused by all but which of the following?

• A)resonance between seismic waves
• B)soft lake-sediment foundations
• C)improperly designed buildings
• D)collapse of thousands of single-story frame houses

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Marginal Utility

The increased happiness a buyer experiences by consuming an extra unit of a product or service.

Consumer Surplus

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, measuring consumer satisfaction.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and what they end up actually spending.