Tag: microeconomics

Tax Revenue and Deadweight Loss

Tax Revenue and Deadweight Loss

♪ [music] ♪ – [Prof. Alex Tabarrok] So far in our videos, we’ve looked at the effect of taxes on market prices, but we haven’t said much about why government levies taxes in the first place, namely to get revenues. So let’s look at that and also at the cost of raising revenues, which is …

Who Pays the Tax?

Who Pays the Tax?

♪ [music] ♪ – [Tyler] In the last lecture, we showed that the legal incidence of a tax does not determine the economic incidence. In this lecture, we’re going to talk about how the economic incidence of taxes actually is determined. Who bears the burden of a tax? Here is the rule for the economic …

Cost Calculations Using an Excel Spreadsheet.mp4

Here we are in beautiful Baja Tustin at the McNeil International Film Studios and I’m here to talk about how to do an Excel spreadsheet that calculates the costs for a firm. This is micro economics – so here’s how it goes. I’ve given you a a series of quantities and then the total cost. …

Short-Run Cost Curves (Part 3)- Micro Topic 3.2

Short-Run Cost Curves (Part 3)- Micro Topic 3.2

Hey! How you doin’ econ students as you hire more inputs like workers the additional output produced by these workers is going to go up and eventually start going down because of the law of the marginal diminishing returns as workers specialize the additional output they produce goes up and up and up