1.3.5.2d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from

The use of diagrams, using marginal analysis, to illustrate:; the external benefits from consumption; the external costs from production; the distinction between the market and social optimum positions; identification of the welfare loss or gain areas.

Use d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from to connect the rule to the data and decision in the question.

This matters because d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.