Y1 24) Positive Externalities in Consumption and Production

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KING

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.

God bless you, Dal

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

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

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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😵‍💫😧

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

Thank you Sir , really .

Then which part is welfare gain?

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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.

You are biggest legend

This is so good

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

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

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

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

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Arjun Joshi says wonderful video

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