Micro 4.6 Lump Sum and Per Unit: Econ Concepts in 60 Seconds

[texymex1]

You're the Jim Cramer of education....yes, take that as a compliment.

[jaw3294]

when a curve decreases, doesn't it shift left?

[eaklacrosse]

@jaw3294 yeah but i think youre thinking it was a per unit tax, hes talking about a per unit subsidy so it increases it instead of decreasing it

[Thizzmotion]

is it possible for monopolies to feel self-compelled to produce where p=mc if the total revenue and social benefit happens to be higher?

[jumpnjza2]

Do you think it's possible to compel a firm to be allocative efficient (where P=MC) by offering them subsidies?