I would've never got an A in econ without your help, thank you for everything Dal

The legend is back! This is not a drill, I repeat this is not a drill !!

@michaelogunkoya5078

4 ай бұрын

Glazing?!

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.

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.

I just want to say thank you, making economics , A level and my life lot easier

My favorite Marvel Superhero is back saving more lives than ever, just with diagrams and markers!

God bless you, Dal

Thank you Sir , really .

This is so good

Arjun Joshi says wonderful video

thanks the lord this guy exists

@talhasaavedra6391

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

this help me so much thank you

Legend

HE'S ALIVE, HE'S ALIVE OPTIMUS IS HERE

KING

You are biggest legend

thanks

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

i love oyu

thank youu

@talhasaavedra6391

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

Just to check: For Edexcel you only need to know the positive externalities of consumption, and negative externalities of production diagrams?

@yahyakhan6433

2 жыл бұрын

yes!

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-zo6nr

Ай бұрын

You are right. Dal said it wrong this time.

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😵‍💫😧

@jasperthomas3229

2 жыл бұрын

please dont tell me dal made a mistake🙃🙃🙃

@Reverb_JR

2 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

Then which part is welfare gain?

@xkuroo17

2 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

you’re unreal

isn't MSC the cost to society? so surley if it is greater than the MPC this is bad?

@NotTayls

2 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

@NotTayls

2 жыл бұрын

Sorry if it don’t sound right I don’t have much time to write a good reply

Legend