Please make some videos on monopolistic competition, marginal revenue, average revenue, as well as average and marginal cost curves, in different types of market conditions. Also anything on game theory would be nice! I have exams soon and every little helps!
Hii Sophie, how was your exam? Hhhh your comment makes me crazy because i saw someone who asks for something I’m asking for now in 2022 omg hhhhh i think 10 years went quickly right. I wanna say sth but I have no words i don’t know how to describe my feelings. Be good Sophie💕
+Emina Sabanovic He means it the other way round :) So if the company wants the vehicle to get sold to 4 people, they need to price it at 30k$. Now Person1,2,3 who were willing to pay 60k,50k,40k for it (in their heads, the car is worth that value) are able to buy the same car for 30k. So they get the value they were looking for with a price less than they were ready to pay. Which is their consumer surplus.
Its straight line there so that people watching this video will find it easy to understand the core concept. In real life, it is going to be a curve, drawn with the help of real data.
your videos are really helpful thankyou for uploading !!!!
thank you so so so much for these videos! i had such an AHA! moment at the end of this one
I love Khan Academy
Clear explanation. Thank you for your efforts.
Nice video for understand everything clearly and easily
Please make some videos on monopolistic competition, marginal revenue, average revenue, as well as average and marginal cost curves, in different types of market conditions. Also anything on game theory would be nice! I have exams soon and every little helps!
Hii Sophie, how was your exam? Hhhh your comment makes me crazy because i saw someone who asks for something I’m asking for now in 2022 omg hhhhh i think 10 years went quickly right. I wanna say sth but I have no words i don’t know how to describe my feelings. Be good Sophie💕
Great job :)
5:28... how did all these other people get good deals when they paid 60,000 instead of 30,000. isn't 30,000 a much better deal??
+Emina Sabanovic He means it the other way round :) So if the company wants the vehicle to get sold to 4 people, they need to price it at 30k$. Now Person1,2,3 who were willing to pay 60k,50k,40k for it (in their heads, the car is worth that value) are able to buy the same car for 30k. So they get the value they were looking for with a price less than they were ready to pay. Which is their consumer surplus.
@BenGenio The videos are uploaded, I just saw them. Thanks! More energy points for me! :D
Why is it called a demand curve when it is a straight line?
Its straight line there so that people watching this video will find it easy to understand the core concept. In real life, it is going to be a curve, drawn with the help of real data.
Good bye elasticityyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy:D
4:40
It might not be the exact topic, but if i have a "production possibilities frontier" (y = -2x +400) ¿how can i know what's my marginal benefit?
FIRST!!!