Y1 24) Positive Externalities in Consumption and Production. Video covering Positive Externalities in Consumption and Production including diagrams Instagram: / econplusdal Twitter: / econplusdal Facebook: www.facebook.c...
Пікірлер: 40
@ammannawaz36482 жыл бұрын
I would've never got an A in econ without your help, thank you for everything Dal
@Frenk332 жыл бұрын
The legend is back! This is not a drill, I repeat this is not a drill !!
@michaelogunkoya50785 ай бұрын
Glazing?!
@sskitty2532 Жыл бұрын
Wow! My teacher has spent lesson after lesson going over this and each time he said it, it just got more and more confusing but a few minutes from you and it all makes so much sense. Thank you so much for the wonderful help! Could never get an A* without you.
@kimberleygagliardi60272 жыл бұрын
I asked the internet, my tutor and jacob clifford what the welfare loss was, and then you said it in one sentence and then i thought OHHHHH!! that's so simple why couldn't I understand that before!! Thank you so much for your clear explanations.
@laccess9112 жыл бұрын
My favorite Marvel Superhero is back saving more lives than ever, just with diagrams and markers!
@haranvinod6634 Жыл бұрын
I just want to say thank you, making economics , A level and my life lot easier
@gauravbhunjun678610 ай бұрын
thanks the lord this guy exists
@TalhaConh3 ай бұрын
Why are the external costs of production negative? I don't understand, aren't third party firms benefiting from R&D? 5:34
@fmichael Жыл бұрын
God bless you, Dal
@yourmutualsmutual19332 жыл бұрын
Thank you Sir , really .
@lucatiulete93392 жыл бұрын
HE'S ALIVE, HE'S ALIVE OPTIMUS IS HERE
@nishantshah10642 жыл бұрын
Arjun Joshi says wonderful video
@robinscheunert46393 ай бұрын
this help me so much thank you
@HarjaapSingh2 жыл бұрын
This is so good
@chrisg25808 ай бұрын
with all the positive comments, I must say, that I am finally understanding a bit more, and I think I may have a chance at passing my final exam...i wish i was this smart LOL
@avaasl6598 Жыл бұрын
When looking at positive externalities, wouldn't it be potential welfare gain rather than loss?
@stevenv5999 Жыл бұрын
yes it is, the difference between MSB and MPB is the external benefit. MPB + MEB = MSB
@nia9235 Жыл бұрын
That’s what I thought aswell
@sam-zo6nr2 ай бұрын
You are right. Dal said it wrong this time.
@gregg60772 жыл бұрын
Legend
@cnb45632 жыл бұрын
You are biggest legend
@shan6012 жыл бұрын
Just to check: For Edexcel you only need to know the positive externalities of consumption, and negative externalities of production diagrams?
@yahyakhan64332 жыл бұрын
yes!
@jasperthomas32292 жыл бұрын
when it is positive externalities is production, isnt marginal social cost on the left of marginal private cost, the diagram is just the same as a negative externalities is production diagram😵💫😧
@jasperthomas32292 жыл бұрын
please dont tell me dal made a mistake🙃🙃🙃
@Reverb_JR2 жыл бұрын
@@jasperthomas3229 When it's positive externalities of production MSC will move to the right of MPC, when it's negative externalities of production MSC will move to the left of MPC
@janafaramawy771 Жыл бұрын
@@Reverb_JR but how if mpc> msc
@Neyobe Жыл бұрын
KING
@jordanzedi2 жыл бұрын
thanks
@pigeonhero38892 жыл бұрын
i love oyu
@umarhc2 жыл бұрын
isn't MSC the cost to society? so surley if it is greater than the MPC this is bad?
@NotTayls2 жыл бұрын
The MSC curve only moves when it’s a positive production externality. And it shifts to the right, causing the price (cost) equilibrium to be lower (p1-p*) meaning there is a reduced amount of costs to society, and the shift also causes q1-q* allowing there to be more output with less costs on society
@NotTayls2 жыл бұрын
Sorry if it don’t sound right I don’t have much time to write a good reply
@ployc4637 Жыл бұрын
thank youu
@TalhaConh3 ай бұрын
Why are the external costs of production negative? I don't understand, aren't third party firms benefiting from R&D? 5:38
@LeBronAlGaib Жыл бұрын
you’re unreal
@antisocialbarbie15872 жыл бұрын
Then which part is welfare gain?
@xkuroo172 жыл бұрын
the welfare losses are potential welfare gains (only for positive externalities) that are achieved if it can move from being at the private optimum to being at the social optimum