Extremely helpful video as always! Do you mind creating a video on externality graphing and monopoly markets using Marginal Revenue. I'm struggling with this in my class a little bit
Thanks for the comment! Sure thing re video, can I ask was there anything specific about the use of MR in this situation that was different or confusing in your class? Or is it just the graphing of a run-of-the-mill Monopoly outcome where MR=MC vs. a social optimum, with, say a negative externality (marginal social cost) higher than private costs?
@@econhelp_official jus the graphing of a run of the mill monopoly outcome. We have been working on graphing the four types of market failure and following up with associated calculations. Apologies I have since watched your monopoly video which has helped immensely. Im now only struggling with externality graphing and equations as well as vertical summation from a table. When graphing externality. If external benefits equation is not given does that mean social and private marginal benefits are the same? Or we use private marginal benefits for all calculations?
I tried to do all of them in one video but it was too cumbersome! I've released one, the next should be quicker since I know the format now :) th-cam.com/video/VSb1uEaAffM/w-d-xo.html
it really helps me tysm wish me luck for my final exam
Extremely helpful video as always! Do you mind creating a video on externality graphing and monopoly markets using Marginal Revenue. I'm struggling with this in my class a little bit
Thanks for the comment! Sure thing re video, can I ask was there anything specific about the use of MR in this situation that was different or confusing in your class? Or is it just the graphing of a run-of-the-mill Monopoly outcome where MR=MC vs. a social optimum, with, say a negative externality (marginal social cost) higher than private costs?
@@econhelp_official jus the graphing of a run of the mill monopoly outcome. We have been working on graphing the four types of market failure and following up with associated calculations. Apologies I have since watched your monopoly video which has helped immensely. Im now only struggling with externality graphing and equations as well as vertical summation from a table. When graphing externality. If external benefits equation is not given does that mean social and private marginal benefits are the same? Or we use private marginal benefits for all calculations?
I tried to do all of them in one video but it was too cumbersome! I've released one, the next should be quicker since I know the format now :) th-cam.com/video/VSb1uEaAffM/w-d-xo.html
@@econhelp_official thank-you so much. The first video was extremely helpful!
Great to hear! Here is Negative Consumption Externalities th-cam.com/video/PmegOrDCv_c/w-d-xo.html
TQ mam
🙏 you’re welcome ☺️ ❤️👍