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?
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.)
Thank you sir seems like my teacher needs to take your lesson
i love that intro music gets me so hype!!!!
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?
It is always the triangle whose tip points to Qso
Great explanation, Jason.
^this is a man who will fail his econ test
QQQQQQQQQQQQQQYQQQQ11up
The AA
Hi, Jason! thank you for the amazing explanation! I was wondering, is it possible to calculate Qso and Pso?
The examples are very good and well illustrated.
Thank you for this very informative video, sir 😊
you have said that there will be a next lesson on the policy makers but where can i find the video????
the intro music has no right to go that hard
Thanks a lot teacher you are very helpful please continue your videos
Thank you for the really good explanation :)
Thank you very much. Great lesson.
how they in the first place calculating the imateirial cost such as the enivronment or the air cost
Hi sir,Thank you
for the clear explanation.
What are the financial costs that society might have to pay in response to high emissions?
But how can we calculate social costs
Where's part 2? 😥
I think the dead weight loss marked is wrong. Social welfare occurs only when MB>MC.
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.)
cool
🇹🇿👏📌📌
the marginal skibidi be like😂:
stfu
Marginal Social Cost is GREATER than marginal private cost -no tmarginal benefit
I think the dead weight loss marked is wrong. Social welfare occurs only when MB>MC.