'Mc mb' presentation slideshows

Externalities and Property Rights

Externalities and Property Rights. External Costs and Benefits. External Cost (negative externality) A cost of an activity that falls on people other than those who pursue the activity. External Costs and Benefits. External Benefit (positive externality)

671 views • 57 slides

The Deterrence Hypothesis

408 views • 25 slides

Monopoly & Efficiency

Monopoly & Efficiency. Deadweight Loss Analysis. Allocative Efficiency (P = MC). Total Welfare is maximized only when MC = MB for society Since MB = Price => only when Price = MC Allocate efficiency is when P = MC Competitive firms always are allocative efficient (P = MC)

319 views • 8 slides

Negative externalities of production

Negative externalities of production. Water Pollution. Presented By Duncan Baxter. Examples of water pollution. Click movie to play. Negative externality of production. MC/ MB. SMC. PMC. DWL (dead weight loss). PS. P fm. PMB = SMB. Output. QS. Q fm.

201 views • 5 slides