Reminds me of simple classes in thermodynamics where various new equilibrium conditions were reached. The assumptions, however, were stated in the physical sciences and are NEVER stated in any of these lectures. We later look at kinetics where it is revealed that the path from one equilibrium to another doesn't go smoothly and the lab can be reduced to rubble, just like the lives of employees, especially over 50 who lose home, wife, kids, self respect, and live on the street where they can fully appreciate that the cushions their old company sold for $5.00 now only costs $4.50 made in China. Obviously worth the minor sacrifice.
It is revenue for domestic industry but it is a deadweight loss on the other hand because there is poor efficiency in producing the goods. Domestic firms here can only produce more products at higher price so there is less efficiency. Hence, it is calculated as DWL.
The rest are recovered but i and g arent thats why they are deadweight welfare losses, g is a deadweight welfare loss for WORLD efficiency and i is a deadweight welfare loss for consumer surplus
I don't think we've ever seen this side of you, Dal...
hahah but really, thank you so much for all the work you're doing. greatly appreciated!
genuinely laughed out loud at the beginning of this video
same hahahaha
same looooooooool
Intro had me in tears 😂😭
ECONPLUSDAL THAT INTRO WAS HILARIOUS LOLOLOLOLOL YOU MADE MY AD CURVE SHIFT ;)
oh hell nah
saving my economics IB one video at a time
honestly just wanted to say, your videos are really helpful
You are a literal god I swear
Thank you so much!!!😭😭
This is so well explained. God bless you.
You have a heart of gold Dal !!!!
Great analysis - thank you very much!
you’re the goat fr
Thanks Dal! Commenting for the algorithm
0:02 bless him 🤣❤️
Thank u vikkstar
That's just racist lol😂
thank you for the upload! This helped a lot. God bless you!
Thank you very much!!!!!!!!!! Really helped me a lot...
tu 'e brabo mano
Thx q so much. I understood more clearly
nice❤❤❤❤
love this guy
Reminds me of simple classes in thermodynamics where various new equilibrium conditions were reached. The assumptions, however,
were stated in the physical sciences and are NEVER stated in any of these lectures. We later look at kinetics where it is revealed that the
path from one equilibrium to another doesn't go smoothly and the lab can be reduced to rubble, just like the lives of employees, especially
over 50 who lose home, wife, kids, self respect, and live on the street where they can fully appreciate that the cushions their old company
sold for $5.00 now only costs $4.50 made in China. Obviously worth the minor sacrifice.
for foreign producer revenue, it should be h+c , but profit is just c.
Ethan SK It’s government revenue gained from the tariff
so well spoken and handsome
Do you have any videos on intensity of trade?
Thanks
Isn't (g) a part of domestic revenue, how is it deadweight loss?
It is revenue for domestic industry but it is a deadweight loss on the other hand because there is poor efficiency in producing the goods. Domestic firms here can only produce more products at higher price so there is less efficiency. Hence, it is calculated as DWL.
thank you sooo much!!!
Can you actually put letters in the areas you’re talking about in the exam?
Yes you can! It’s a great way of illustrating your points in an exam!
GOAT
you are great! :D
LOVE
Marry me
6:39
What about D
Import revenue lost by the foreign producers
Ly econg😍
why is the deadweight welfare loss only i and not e+f+g+h+i ??
The rest are recovered but i and g arent thats why they are deadweight welfare losses, g is a deadweight welfare loss for WORLD efficiency and i is a deadweight welfare loss for consumer surplus
dady dal
Warra boyo
Wrong side😭