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Unformatted text preview: ity of recitation's attendance; the percentage change in
recitation attendance divided by the percentage change in lecture difficulty.
B) The lecturedifficulty elasticity of recitation's attendance; the percentage change in
lecture difficulty divided by percentage change in recitation attendance.
C) The recitationattendance elasticity of lecture difficulty; the percentage change in
recitation attendance divided by the percentage change in lecture difficulty.
D) The recitationattendance elasticity of lecture difficulty; the percentage change in
lecture difficulty divided by the percentage change in recitation attendance.
58. In the case of a negative externality from consumption, an individual chooses to
consume too much from society's point of view.
A) True
B) False
59. Figure: MB and MC of the Tobacco Industry This graph represents the tobacco industry, in which the firm's optimal choice is
different from the socially optimal choice. Which of the following could be a possible
method for the market to reach th...
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This document was uploaded on 02/18/2014 for the course ECON 2010 at Colorado.
 Fall '07
 MERTENS,WI
 Microeconomics

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