Y1 24) Positive Externalities in Consumption and Production

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  • Опубліковано 18 січ 2025

КОМЕНТАРІ • 48

  • @ammannawaz3648
    @ammannawaz3648 2 роки тому +89

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

  • @Frenk33
    @Frenk33 2 роки тому +99

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

  • @sskitty2532
    @sskitty2532 Рік тому +17

    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.

  • @kimberleygagliardi6027
    @kimberleygagliardi6027 2 роки тому +32

    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.

  • @haranvinod6634
    @haranvinod6634 2 роки тому +10

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

  • @laccess911
    @laccess911 2 роки тому +22

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

  • @fmichael
    @fmichael 2 роки тому +4

    God bless you, Dal

  • @gauravbhunjun6786
    @gauravbhunjun6786 Рік тому +3

    thanks the lord this guy exists

    • @TalhaConh
      @TalhaConh 8 місяців тому

      Why are the external costs of production negative? I don't understand, aren't third party firms benefiting from R&D? 5:34

    • @yjedxz
      @yjedxz 2 місяці тому

      @@TalhaConhit is negative because R&D costs money for firms, meaning other firms can poach this research for free without having to spend money. it is negative for the firm that has spent the money on r&d.

  • @lucatiulete9339
    @lucatiulete9339 2 роки тому +3

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

  • @yourmutualsmutual1933
    @yourmutualsmutual1933 2 роки тому +5

    Thank you Sir , really .

  • @HarjaapSingh
    @HarjaapSingh 2 роки тому +4

    This is so good

  • @nishantshah1064
    @nishantshah1064 2 роки тому +2

    Arjun Joshi says wonderful video

  • @avaasl6598
    @avaasl6598 2 роки тому +7

    When looking at positive externalities, wouldn't it be potential welfare gain rather than loss?

    • @stevenv5999
      @stevenv5999 2 роки тому +2

      yes it is, the difference between MSB and MPB is the external benefit. MPB + MEB = MSB

    • @nia9235
      @nia9235 Рік тому +2

      That’s what I thought aswell

    • @sam-zo6nr
      @sam-zo6nr 8 місяців тому +2

      You are right. Dal said it wrong this time.

    • @Beezo-j3i
      @Beezo-j3i 2 місяці тому

      no, it causes a loss because positive externalities are underproduced/underconsumed even though production/consumption of beneficial to the society. take for example education, if u don't study or if teachers don't teach the society is at a loss.

  • @lyodraslay
    @lyodraslay 3 місяці тому

    thankyou for the explanation, i learn this for my project based learning😢

  • @robinscheunert4639
    @robinscheunert4639 8 місяців тому

    this help me so much thank you

  • @chrisg2580
    @chrisg2580 Рік тому

    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

  • @Neyobe
    @Neyobe Рік тому

    KING

  • @benwhite2154
    @benwhite2154 2 роки тому +1

    Legend

  • @cnb4563
    @cnb4563 2 роки тому +2

    You are biggest legend

  • @shan601
    @shan601 2 роки тому +3

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

  • @pigeonhero3889
    @pigeonhero3889 2 роки тому +1

    i love oyu

  • @jasperthomas3229
    @jasperthomas3229 2 роки тому +1

    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
      @jasperthomas3229 2 роки тому

      please dont tell me dal made a mistake🙃🙃🙃

    • @Reverb_JR
      @Reverb_JR 2 роки тому

      @@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
      @janafaramawy771 Рік тому

      @@Reverb_JR but how if mpc> msc

    • @pjblitzkkng895
      @pjblitzkkng895 3 місяці тому

      @@janafaramawy771 i have same doubt. msc should be less than mpc right. that is calles positive. but here the diagram is opposite MSC is greater than MPC. confused.

  • @ployc4637
    @ployc4637 Рік тому

    thank youu

    • @TalhaConh
      @TalhaConh 8 місяців тому

      Why are the external costs of production negative? I don't understand, aren't third party firms benefiting from R&D? 5:38

  • @Rehanali-r3p
    @Rehanali-r3p 2 місяці тому

    how dyu know where the social optimum is

    • @ffuyud
      @ffuyud 10 днів тому

      The point of intersection of the two ‘socials’

  • @jordanzedi
    @jordanzedi 2 роки тому

    thanks

  • @umarhc
    @umarhc 2 роки тому +4

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

    • @NotTayls
      @NotTayls 2 роки тому +2

      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
      @NotTayls 2 роки тому +2

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

  • @antisocialbarbie1587
    @antisocialbarbie1587 2 роки тому

    Then which part is welfare gain?

    • @xkuroo17
      @xkuroo17 2 роки тому +2

      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

  • @LeBronAlGaib
    @LeBronAlGaib 2 роки тому +1

    you’re unreal

  • @gregg6077
    @gregg6077 2 роки тому +3

    Legend