Welcome to ACDC Econ and my first holiday edition. In this video I explain consumer surplus, producer surplus, and deadweight loss. Make sure that you can see how each change when there is a change in the market. *Correction* The consumer surplus at 0:59 in the video is $6000. ($8-$5) x 4000/2. It is a triangle! Notice that deadweight loss happens whenever the optimal quantity is not being produced. This also happens when there are taxes or externalities. By the way, my wife, Paula, was the one throwing snowballs at me. We had to do it in two takes and I think she enjoyed it way too much. Why you should never give gifts to others- Video isn't available yet Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership I got the rock'n version of Deck the Halls here: https://www.youtube.com/watch?v=QF84X6kLrIA
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What is DEADWEIGHT LOSS? What does DEADWEIGHT LOSS mean? DEADWEIGHT LOSS meaning & explanation. In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable. Causes of deadweight loss can include monopoly pricing (in the case of artificial scarcity), externalities, taxes or subsidies, and binding price ceilings or floors (including minimum wages). The term deadweight loss may also be referred to as the "excess burden" of monopoly or taxation. For example, consider a market for nails where the cost of each nail is 10 cents and the demand will decrease linearly from a high demand for free nails to zero demand for nails at $1.10. In a perfectly competitive market, producers would have to charge a price of 10 cents and every customer whose marginal benefit exceeds 10 cents would have a nail. However, if there is one producer who has a monopoly on the product, then they will charge whatever price will yield the greatest profit. For this market, the producer would charge 60 cents and thus exclude every customer who had less than 60 cents of marginal benefit. The deadweight loss is then the economic benefit foregone by these customers due to the monopoly pricing. Conversely, deadweight loss can also come from consumers buying a product even if it costs more than it benefits them. To describe this, let's use the same nail market, but instead it will be perfectly competitive, with the government giving a 3 cent subsidy to every nail produced. This 3 cent subsidy will push the market price of each nail down to 7 cents. Some consumers then buy nails even though the benefit to them is less than the real cost of 10 cents. This unneeded expense then creates the deadweight loss: resources are not being used efficiently. If the price of a glass of wine is $3.00 and the price of a glass of beer is $3.00, a consumer might prefer to drink wine. If the government decides to levy a wine tax of $3.00 per glass, the consumer might prefer to drink beer. The excess burden of taxation is the loss of utility to the consumer for drinking beer instead of wine, since everything else remains unchanged.
Views: 1454 The Audiopedia
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Deadweight Loss” Deadweight loss is the fall in total surplus that results from a market distortion, such as a tax. In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable. Deadweight loss can be stated as the loss of total welfare or the social surplus due to reasons like taxes or subsidies, price ceilings or floors, externalities and monopoly pricing. It is the excess burden created due to loss of benefit to the participants in trade which are individuals as consumers, producers or the government. For example, if a certain tax is imposed on the producer for each unit of the good he sells, it is likely that the new equilibrium price that is settled for the transaction will be higher and therefore some burden of this will be passed on to the consumer. By Barry Norman, Investors Trading Academy - ITA
Views: 23422 Investor Trading Academy
Video shows what dead weight means. unremitting heavy weight that does not move. that which is useless or excess; that which slows something down. Dead weight Meaning. How to pronounce, definition audio dictionary. How to say dead weight. Powered by MaryTTS, Wiktionary
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This video looks at the answer to two short questions on the concept of the deadweight loss of welfare. The two questions are: What is meant by a deadweight loss? Explain why the long run equilibrium in monopoly is likely to lead to a deadweight loss of economic welfare
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This video goes over the basic concepts of calculating deadweight loss, and goes through a few examples. More information on this topic is available at http://www.freeeconhelp.com/2011/10/how-to-calculate-deadweight-loss-easy-4.html Deadweight loss occurs when market equilibrium is not equal to efficient equilibrium. This means that the marginal benefit of society is not equal to the marginal cost of society so there is a disconnect between the true benefits and costs. In this case, total surplus is not as large as it could be which means that there is a loss to society. Since this isn't a necessary loss, economists call it a "deadweight" loss meaning that we could easily remove it but nudging markets toward the efficient outcomes. Please comment below, I love when you find something helpful or if you have questions or criticism please feel free to share! Also, if you found this helpful remember to like and subscribe to freeeconhelp's channel: https://www.youtube.com/freeeconhelp/?sub_confirmation=1 Get Social: *********************** Our website: https://www.freeeconhelp.com Please like us on facebook at: https://www.facebook.com/freeeconhelp Follow us on twitter: https://www.twitter.com/freeeconhelp Below is a summary of the transcript for the video: 3.450,:10.519 This video is going to go over how to calculate deadweight loss and kind of describe. What Deadweight. Loss is so dead weight Loss :11.099,:13.099 arises from an :13.110,:15.110 economy not having the maximum :15.540,:16.920 Surplus possible :16.920,:21.860 So if we look at a perfectly competitive model we have our supply and demand lines :22.259,:26.238 The area above price and below demand is our consumer surplus :26.759,:28.2 the area :28.2,:31.189 below price and Above supply is our producer surplus :32.070,:37.189 So there's no Deadweight loss in this economy because surplus is maximized :38.670,:46.640 however if we were to institute a tax or there's an externality or something like that, then we would have a :48.420,:52.070 shift in one of these curves :53.399,:55.579 Where the Optimum should be? :56.909,12.869 Here, but instead we're here and so that difference 15.070,18.930 Between where we should be and where we are? 1:10.950,1:16.250 Gives us a Deadweight loss that's occurred in the economy so first What is a deadweight loss? 1:17.1,1:18.960 What's causing it? 1:18.960,1:23.089 It's a difference between Marginal cost and marginal benefit 1:23.340,1:29.210 so you'll notice that at our optimum we have marginal cost equally marginal benefit and 1:29.909,1:31.530 We're good 1:31.530,1:36.559 However if MC prime is our true Marginal cost in the economy 1:37.079,1:44.989 Then we do not have marginal benefit equal to marginal cost because we want to be here instead of here 1:45.390,1:48.439 So everywhere between these two curves 1:49.950,1:56.990 We have a difference between marginal cost and marginal benefit and that creates the deadweight loss 1:58.049,2:.049 So let's go through an example 25.049,2:11.129 We're going to begin our economy in equilibrium 2:13.810,2:20.399 and just to make things easy let's say that the initial equilibrium is 5 2:21.850,2:29.789 5 so then the government decides it decides that they want to institute a tax and let's call it a supply-side, tax 2:34.060,2:41.399 So that's supply plus t our new equilibrium is going to be at this point and let's just say that 2:44.769,2:47.309 results in a price instead of 6 a 2:48.519,2:55.709 quantity of 4 and then here this price that the suppliers receive is 4 2:57.250,3:.389 so here the quantity of the tax is 2 31.269,34.829 The line shifted up by the amount of to the suppliers 35.799,39.479 Take half the tax and the consumers take half the tax 3:10.209,3:14.219 So again remember with Deadweight loss we want to be here 3:14.799,3:17.429 at a quantity of 5 and a price of 5 3:17.829,3:23.459 but we end up it here at a quantity of 4 price after tax of 6 3:23.769,3:28.048 our sorry price before tax of 6 and price after tax of 4 3:28.660,3:31.229 So remember this is our marginal benefit 3:31.810,3:36.6 This is our marginal cost and this is our marginal cost plus the tax 3:37.269,3:41.129 So what's going on in the economy is at this point right here? 3:41.380,3:44.130 We're losing out on Potential Surplus 3:44.350,3:50.850 Because the true marginal benefit of the economy is still greater than the true marginal cost of the economy 3:51.040,3:53.040 It's just that the tax 3:53.290,3:54.760 has 3:54.760,4:.660 Taken away that potential because now suppliers have to pay a tax instead of realizing their true gains 41.299,47.319 So everywhere between the marginal benefit and marginal cost from this new quantity 48.440,4:12.239 To the old quantity is going to be deadweight Loss 4:14.740,4:19.469 the neat thing about this is just the area of the triangle and if you remember
Views: 198645 Free Econ Help
DEAD WEIGHT LOSS monopoly formula definition tax price floor subsidy VISIT OUR WEBSITE https://www.souravsirclasses.com/ FOR COMPLETE LECTURES / STUDY MATERIALS /NOTES /GUIDENCE / PAST YEAR SOLVED +SAMPLE PAPAERS /TRICKS /MCQ / SHORT CUT/ VIDEO LECTURES /LIVE + ONLINE CLASSES GIVE US A CALL / WHAST APP AT 9836793076 Also find us at…. BLOGSPOT http://souravdas3366.blogspot.com/ SLIDES ON COURSES https://www.slideshare.net/Souravdas31 TWITTER https://twitter.com/souravdas3366 FACEBOOK https://www.facebook.com/Sourav-Sirs-... LINKED IN https://www.linkedin.com/in/sourav-da... GOOGLE PLUS https://plus.google.com/+souravdassou... a deadweight loss a deadweight loss arises in monopoly because a deadweight loss hivemind a deadweight loss is a consequence a deadweight loss is a situation where a deadweight loss is the total of a deadweight loss occurs when a deadweight loss occurs whenever a tax that has no deadweight loss apa yang dimaksud dead weight loss arti kata dead weight loss benefits of deadweight loss dead doctors don't lie weight loss deadlift weight loss deadweight loss deadweight loss 2-9 deadweight loss activity 2-9 deadweight loss ad valorem tax deadweight loss adalah deadweight loss after tax deadweight loss and distortion deadweight loss and elasticity deadweight loss and externalities deadweight loss and market failure are created when a market produces deadweight loss and monopoly deadweight loss and tax deadweight loss and tax revenue deadweight loss and welfare loss deadweight loss area deadweight loss bad deadweight loss bertrand deadweight loss binding price floor deadweight loss black market deadweight loss burden deadweight loss by monopoly deadweight loss by subsidy deadweight loss by tax deadweight loss calculation deadweight loss calculation monopoly deadweight loss caused by monopoly deadweight loss caused by monopoly pricing is represented by the area deadweight loss caused by tariff deadweight loss caused by tax deadweight loss causes deadweight loss consumer surplus and producer surplus deadweight loss cournot deadweight loss curve deadweight loss declines in size when a unit of output is produced for which deadweight loss define deadweight loss definition deadweight loss diagram deadweight loss due to monopoly deadweight loss due to monopoly pricing deadweight loss due to price ceiling deadweight loss due to subsidy deadweight loss due to tariff deadweight loss due to taxation deadweight loss econ deadweight loss economics deadweight loss economics definition deadweight loss eesti keeles deadweight loss equals zero deadweight loss equation deadweight loss example deadweight loss excess burden deadweight loss explained deadweight loss externality deadweight loss for subsidy deadweight loss formula deadweight loss formula monopoly deadweight loss from externalities deadweight loss from monopoly deadweight loss from monopoly can best be described as the deadweight loss from price ceiling deadweight loss from price floor deadweight loss from tariff deadweight loss from tax deadweight loss from underproduction deadweight loss government intervention deadweight loss government subsidy deadweight loss graph deadweight loss graph example deadweight loss graph explained deadweight loss graph explanation deadweight loss graph microeconomics deadweight loss graph monopoly deadweight loss graph tax deadweight loss health insurance deadweight loss holiday gift giving deadweight loss horizontal supply curve deadweight loss how to calculate deadweight loss in economics deadweight loss in health care deadweight loss in monopoly deadweight loss in price ceiling deadweight loss in price floor deadweight loss in subsidy deadweight loss in taxation deadweight loss in taxes deadweight loss interpret deadweight loss is defined as deadweight loss is maximized when deadweight loss joke deadweight loss khan deadweight loss labor market deadweight loss linguee deadweight loss loss deadweight loss lump sum tax deadweight loss là gì deadweight loss meaning deadweight loss measures monopoly inefficiency deadweight loss measures the loss deadweight loss measures the loss quizlet deadweight loss minimum wage deadweight loss monopoly deadweight loss monopoly and perfect competition deadweight loss monopoly equation deadweight loss monopoly example deadweight loss monopoly formula deadweight loss monopoly graph deadweight loss natural monopoly deadweight loss natural monopoly graph deadweight loss nedir deadweight loss negative deadweight loss negative consumption externality deadweight loss negative externality deadweight loss news deadweight loss nghĩa là gì deadweight loss notes deadweight loss numerical deadweight loss occurs in which type of market structure deadweight loss of a tariff
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This video shows how, if there are no external effects, a perfectly competitive equilibrium maximizes social surplus. We define deadweight loss as the loss of social surplus compared to the maximum level and show how to find it and how to interpret it.
Views: 11588 stephen king
Video shows what deadweight means. The largest weight of cargo a ship is able to carry; i.e, the weight of a ship when fully loaded minus its weight when empty.. A useless, usually encumbering factor.. Deadweight Meaning. How to pronounce, definition audio dictionary. How to say deadweight. Powered by MaryTTS, Wiktionary
Views: 930 SDictionary
One of THE MUST DO exercise that often gets neglected. Add german volume and try to use alternate grip if lifting heavy weights. Aim for quality sets with proper posture and form. Learn, Comment, Like & Share! Make sure to share this video! https://www.facebook.com/mybollywoodbody https://www.twitter.com/mybollywoodbody https://instagram.com/mybollywoodbody
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Deadweight loss and tax lectures notes fb.com/economicscoaching Economics videos hindi lecture Economics lectures Economics class notes Economics videos ignou Economics lectures delhi University Delhi University Economics lectures notes Ignou Economics lectures videos Principles of economics lecture notes Microeconomics lecture videos Microeconomics lecture notes Econ lecture notes Introductory microeconomics lecture notes
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Take Dr. Berg's Advanced Evaluation Quiz: http://bit.ly/EvalQuiz For more in-depth info go here: https://shop.drberg.com/dr-bergs-keto... Dr. Berg talks about the details on how to fix a slow metabolism. Dr. Eric Berg DC Bio: Dr. Berg, 51 years of age is a chiropractor who specializes in weight loss through nutritional and natural methods. His private practice is located in Alexandria, Virginia. His clients include senior officials in the U.S. government and the Justice Department, ambassadors, medical doctors, high-level executives of prominent corporations, scientists, engineers, professors, and other clients from all walks of life. He is the author of The 7 Principles of Fat Burning, published by KB Publishing in January 2011. Dr. Berg trains chiropractors, physicians and allied healthcare practitioners in his methods, and to date he has trained over 2,500 healthcare professionals. He has been an active member of the Endocrinology Society, and has worked as a past part-time adjunct professor at Howard University. DR. BERG'S VIDEO BLOG: http://www.drberg.com/blog FACEBOOK: http://www.facebook.com/DrEricBerg TWITTER: http://twitter.com/DrBergDC YOUTUBE: https://www.youtube.com/user/drericbe... ABOUT DR. BERG: http://www.drberg.com/dr-eric-berg/bio DR. BERG'S SEMINARS: http://www.drberg.com/seminars DR. BERG'S STORY: http://www.drberg.com/dr-eric-berg/story DR. BERG'S CLINIC: https://www.drberg.com/dr-eric-berg/c... DR. BERG'S HEALTH COACHING TRAINING: http://www.drberg.com/weight-loss-coach DR. BERG'S SHOP: http://shop.drberg.com/ DR. BERG'S REVIEWS: http://www.drberg.com/reviews The Health & Wellness Center 4709 D Pinecrest Office Park Drive Alexandria, VA 22312 703-354-7336 Disclaimer: Dr. Eric Berg received his Doctor of Chiropractic degree from Palmer College of Chiropractic in 1988. His use of “doctor” or “Dr.” in relation to himself solely refers to that degree. Dr. Berg is a licensed chiropractor in Virginia, California, and Louisiana, but he no longer practices chiropractic in any state and does not see patients. This video is for general informational purposes only. It should not be used to self-diagnose and it is not a substitute for a medical exam, cure, treatment, diagnosis, and prescription or recommendation. It does not create a doctor-patient relationship between Dr. Berg and you. You should not make any change in your health regimen or diet before first consulting a physician and obtaining a medical exam, diagnosis, and recommendation. Always seek the advice of a physician or other qualified health provider with any questions you may have regarding a medical condition. The Health & Wellness, Dr. Berg Nutritionals and Dr. Eric Berg, D.C. are not liable or responsible for any advice, course of treatment, diagnosis or any other information, services or product you obtain through this video or site.
Views: 2879016 Dr. Eric Berg DC
A deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved. That can be caused by monopoly pricing in the case of artificial scarcity, an externality, a tax or subsidy, or a binding price ceiling or price floor such as a minimum wage. Examples: An example is a market for nails where the cost of each nail is $0.10 and the demand decreases linearly, from a high demand for free nails to zero demand for nails at $1.10. If the market has perfect competition, producers would have to charge a price of $0.10, and every customer whose marginal benefit exceeds $0.10 would have a nail. However, if there is one producer with a monopoly on the product, it will charge whatever price will yield the greatest profit. The producer would then charge $0.60 and thus exclude every customer who had less than $0.60 of marginal benefit. The deadweight loss would then be the economic benefit foregone by such customers because of monopoly pricing. Conversely, deadweight loss can come from consumers if they buy a product even if it costs more than it benefits them. To describe this, if the same nail market had the government giving a $0.03 subsidy to every nail produced, the subsidy would push the market price of each nail down to $0.07. Some consumers would then buy nails even though the benefit to them is less than the real cost of $0.10. That unneeded expense would then create a deadweight loss, with resources not being used efficiently. If the price of a glass of wine is $3.00 and the price of a glass of beer is $3.00, a consumer might prefer to drink wine. If the government decides to levy a wine tax of $3.00 per glass, the consumer might prefer to drink beer. The excess burden of taxation is the loss of utility to the consumer for drinking beer instead of wine since everything else remains unchanged. Sources: Text: Text of this video has been taken from Wikipedia; which is available under the Creative Commons Attribution-ShareAlike License
Views: 28 Free Audio Books
Showing that what is optimal for the monopolist is not optimal for society Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/optional-calculus-proof-to-show-that-mr-has-twice-slope-of-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopolist-optimizing-price-part-2-marginal-revenue?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
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This video defines, describes and calculates consumer surplus, consumer surplus, and deadweight loss.
Views: 40339 mcneilecon
Mr. Clifford's 60 second explanation of consumer's surplus (CS) and producer's surplus (PS) and how to identify where it is on the graph. The bonus round shows how a price ceiling changes CS and PS and results in dead weight loss. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community Q: Why is he dressed like a pirate? A: Why not
Views: 153626 ACDCLeadership
Why working out is great for health, but not for weight loss, explained in five minutes. Subscribe to our channel! http://goo.gl/0bsAjO Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o
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Another great question answered. Simple Steps to Break Fat Loss Plateau. What to do if your weight is stuck. An Expert Advice. How to break a Plateau. What is a Fat loss Plateau or Weight Loss Plateau? Explain of a Plateau. How to fix your weight being stuck? What type of training causes Plateau? How to adjust/fix diet to break stuck weight? How to adjust/fix workout to break stuck weight? What happens to your body when you hit a Plateau? What role does your mind play in a fat loss plateau? What changes do you need to make to your weight being stuck? What to change in your diet to fix fat loss plateau? What do do with your workout? How to change your workout? What to do with your diet and workout to ensure you don't even get into a plateau in the first place? What special exercise will help you break your Plateau? How to schedule your workout to break Plateau? A fully comprehensive answer to very common questions asked daily. How to break your fat loss plateau? How to fix your stuck weight. We answer so many questions that it will leave you satisfied. BEST VIDEO to answer your question. Check out this video and find how to break your plateau. All answered in this video. If you have any more questions you want answered ask us in the comments below. Share your feedback in the comments. Make sure to | COMMENT | LIKE | SHARE | For More Videos of Expert Advice and our Talk Shows: Check out our Expert Advice Playlist: https://www.youtube.com/playlist?list=PL5qo1Sl2GW3fgyl5Wzkp54zgqe3fCNMMA Our video on simple tricks to lose stomach fat fast: https://www.youtube.com/watch?v=Hm1zo-Wx1jE We have many diet plans, you can use different ones to ensure your body doesn't get use to any single one. Here is a Top 5 Fat loss tips video: https://www.youtube.com/watch?v=HOkcB1kP50A Here is a Fat Loss Diet Plan: https://www.youtube.com/watch?v=quWU16cJTfU Here is a Fat Loss Vegetarian Diet Plan: https://www.youtube.com/watch?v=znr2CYc437E Trick to Lose Face Fat: https://www.youtube.com/watch?v=-nHrfB2mbD0 All diet plans are in Diet Plan Playlist: https://www.youtube.com/playlist?list=PL5qo1Sl2GW3fwgRrOHPst7NOYNSQ4IylD ***Find 100's of videos in our Playlists!*** Visit our website: http://www.mybollywoodbody.com https://www.facebook.com/mybollywoodbody https://www.twitter.com/mybollywoodbody https://instagram.com/mybollywoodbody If you have questions, message us on our Facebook page.
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Tutorial on how the impact of price floors and price ceilings to producer and consumer surplus. Deadweight loss is explained also. Like us on: http://www.facebook.com/PartyMoreStudyLess
Views: 117782 Economicsfun
What is EXCESS BURDEN? What does EXCESS BURDEN mean? EXCESS BURDEN meaning, definition & explanation. In economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses that society suffers as the result of taxes or subsidies. Economic theory posits that distortions change the amount and type of economic behavior from that which would occur in a free market without the tax. Excess burdens can be measured using the average cost of funds or the marginal cost of funds (MCF). Excess burdens were first discussed by Adam Smith. An equivalent kind of inefficiency can also be caused by subsidies (that are actually taxes with negative rates). Economic losses due to taxes were evaluated to be as low as 2.5 cents per dollar of revenue, and as high as 30 cents per dollar of revenue (on average), and even much higher at the margins. The cost of a distortion is usually measured as the amount that would have to be paid to the people affected by its supply, the greater the excess burden. The second is the tax rate: as a general rule, the excess burden of a tax increases with the square of the tax rate. The average cost of funds is the total cost of distortions divided by the total revenue collected by a government. In contrast, the marginal cost of funds (MCF) is the size of the distortion that accompanied the last unit of revenue raised (i.e. the rate of change of distortion with respect to revenue). In most cases, the MCF increases as the amount of tax collected increases. The standard position in economics is that the costs in a cost-benefit analysis for any tax-funded project should be increased according to the marginal cost of funds, because that is close to the deadweight loss that will be experienced if the project is added to the budget, or to the deadweight loss removed if the project is removed from the budget.
Views: 1050 The Audiopedia
Mr. Clifford's 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are inefficient they also have dead weight loss. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 224472 ACDCLeadership
Deadweight tonnage (also known as deadweight; abbreviated to DWT, D.W.T., d.w.t., or dwt) is a measure of how much weight a ship is carrying or can safely carry. It is the sum of the weights of cargo, fuel, fresh water, ballast water, provisions, passengers, and crew. The term is often used to specify a ship's maximum permissible deadweight, the DWT when the ship is fully loaded so that its Plimsoll line is at the point of submersion, although it may also denote the actual DWT of a ship not loaded to capacity. Deadweight tonnage is not a measure of the ship's displacement and should not be confused with gross tonnage or net tonnage (or their more archaic forms gross register tonnage or net register tonnage). Deadweight tonnage was historically expressed in long tons but is now usually given internationally in tonnes (metric tons). In modern international shipping conventions such as the International Convention for the Safety of Life at Sea and the International Convention for the Prevention of Pollution From Ships, deadweight is explicitly defined as the difference in tonnes between the displacement of a ship in water of a specific gravity of 1.025 (corresponding to average density of sea water) at the draft corresponding to the assigned summer freeboard and the light displacement (lightweight) of the ship. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 8774 Audiopedia
A tutorial on how import prices increases consumer surplus and decreases producer surplus, the impact of tariffs and the deadweight loss to society. Like us on: http://www.facebook.com/PartyMoreStudyLess
Views: 169476 Economicsfun
What is a subsidy? A subsidy is really just a negative or reverse tax. Instead of collecting money in the form of a tax, the government gives money to consumer or producers. In this video, we look at the subsidy wedge and who benefits the most from different subsidies. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1WJcibm Next video: http://bit.ly/1Q0RBpE Help us caption & translate this video! http://amara.org/v/GCs5/
Views: 85706 Marginal Revolution University
What happens when a price ceiling is set below the market equilibrium - making the equilibrium pice illegal in the market. This creates shortage, but what about changes in consumer and producer surplus and is there any dead weight loss? How do we measure these. To know : Area of a square - L * W Area of a triangle - 1/2 * B * H Consumer Surplus - surplus generated from the difference between the maximum amount a consumer is willing to pay for the good (definition of the demand function) and the actual price she pays for the good.
Views: 10980 Nisha Malhotra
In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph and identify if there is a shortage or a surplus. Keep in mind that your teacher may use the word "binding" to describe the situation where the price control has an effect on the market. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next videos showing what happens to consumer surplus, producer surplu, and dead weight loss https://www.youtube.com/watch?v=n0LXkA9kato All Microeconomics Videos https://www.youtube.com/watch?v=swnoF... All Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 514681 ACDCLeadership
This is a brief demonstration of the effects of imposing a tax - Consumers can afford less (fewer cakes) and Producers receive less (they sell fewer cakes) - the result is deadweight loss. This is a very BASIC example of a much more complicated subject - intended as an INTRODUCTION to the subject in a Principles class for NON-Majors. We followed up with more in-depth work with the graphs - labeling and calculating values - and a discussion of the effects of elasticity on the shared tax-burden, etc... Nevertheless, this demonstration got the ball rolling in the right direction.
Views: 138 Steve Oberg
Dear Friends IN THIS VIDEO WE HAVE EXPLAINED ABOUT Dead Weight and Volume Metric Weight. Please do not forget to subscribe to this channel as you will get lot of videos about eCommerce, marketplaces,business idea ,marketing and sales , business management ,Also do not forget to like this video if you have liked it. Thank you all
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Prelim Requirement in Sir Arnold Buck's Economics Class-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 10 Mo Due
Underproduction and overproduction, it's super simple. I know you will get it ;) Microeconomics - 72: Efficiency of Competitive Equilibrium Cont.: http://www.youtube.com/watch?v=LV6RD2FYh58 Microeconomics - 74: Obstacles to Efficiency : http://www.youtube.com/watch?v=FBjekl8P3po Please comment, rate, and subscribe!!! And we finally have social media: Follow us on twitter : https://twitter.com/#!/coursehack Become a fan on facebook : https://www.facebook.com/CourseHack Add us on Google+ : https://plus.google.com/b/106464811545000105636/
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Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal social cost (MSC) which includes the additional costs to society. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
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Views: 698 Uneak Tershai