Y1 24) Positive Externalities in Consumption and Production

Y1 24) Positive Externalities in Consumption and Production. Video covering Positive Externalities in Consumption and Production including diagrams

[ammannawaz]

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

[Frenk]

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

[sskitty]

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.

[kimberleygagliardi]

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 that's so simple why couldn't I understand that before!! Thank you so much for your clear explanations.

[haranvinod]

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

[laccess]

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

[RD]

Give this guy a treat, no 10 dollars, no 1g gold, no a crown, JUST GIVE HIM THE WHOLE FUCKING. Not Only for this video but for all videos

[lucatiulete]

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

[Speedy_Dragon]

Thanks bro, really useful and a life saver :)

[avaasl]

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

[lyodraslay]

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

[chrisg]

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

[shan]

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

[jasperthomas]

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😵‍💫😧

[umarhc]

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

[Rehanali-rp]

how dyu know where the social optimum is