Negative Externalities of Production

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Күн бұрын

In our last lesson we defined and introduced the different types of market failures we'll study in future lessons. The first we examine is negative production externalities, which arise when the production of a good creates spillover costs on society as a whole.
This lesson looks at one market in which negative externalities result from production and carefully walks through how we can use marginal benefit and marginal cost analysis to illustrate and explain this market failure.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.com/?page_id=5870

Пікірлер: 28

@icarusshepherd1724 3 жыл бұрын

Thank you sir seems like my teacher needs to take your lesson

@joshk7788 3 жыл бұрын

i love that intro music gets me so hype!!!!

@chrisws6552 7 жыл бұрын

Thank you for the really good explanation :)

@leenamathavan507 5 жыл бұрын

Hi sir,Thank you for the clear explanation.

@sksorokhaibam 3 жыл бұрын

The examples are very good and well illustrated.

@kgtvdy8326 2 жыл бұрын

Thank you very much. Great lesson.

@ankarabaskent692 3 жыл бұрын

Thanks a lot teacher you are very helpful please continue your videos

@a015rheakarnad2 7 ай бұрын

Thank you for this very informative video, sir 😊

@analuizaloio 7 жыл бұрын

Hi, Jason! thank you for the amazing explanation! I was wondering, is it possible to calculate Qso and Pso?

@NickolaiBeats 7 жыл бұрын

Great explanation, Jason.

@andrewyu1138 6 жыл бұрын

^this is a man who will fail his econ test

@nituprasad7821 3 жыл бұрын

QQQQQQQQQQQQQQYQQQQ11up

@nituprasad7821 3 жыл бұрын

The AA

@jullielee5647 5 жыл бұрын

Why is the area of dead weight loss represented by the top triangle in market failure, but represented by the bottom triangle in government intervention?

@duomaravilha 3 жыл бұрын

It is always the triangle whose tip points to Qso

@sabrinaashanmugarajah7052 7 жыл бұрын

you have said that there will be a next lesson on the policy makers but where can i find the video????

@naffetiahmed7855 6 жыл бұрын

how they in the first place calculating the imateirial cost such as the enivronment or the air cost

@bobnavonvictorsteyn9017 4 жыл бұрын

What are the financial costs that society might have to pay in response to high emissions?

@whyargon 3 жыл бұрын

the intro music has no right to go that hard

@mohsinsmir3104 5 жыл бұрын

But how can we calculate social costs

@himalayasharma8818 6 жыл бұрын

I think the dead weight loss marked is wrong. Social welfare occurs only when MB>MC.

@JasonWelker 6 жыл бұрын

The DWL is correct. This represents the external costs born by society (the quantity produced is greater than the socially optimal quantity and the cost to society of the last unit produced is greater then the social benefit.)