Thank you so much! this one is the most explicit video i have watched about microeconomics theory! I finally got to know the price discrimination in this clear way in my final exam period. Thank you!!
Profit equals producer surplus less fixed cost. I didn't give a value for fixed cost in this video because I didn't give a total costs function, nor did I give average total cost.
santeena thomas The general equation for a line is y = a + bx, where y is the variable on the y-axis or vertical axis, a is the vertical intercept (where the line intersects the y-axis), b is the slope (it tells us how much the variable y changes from a 1-unit change in the x variable), and x is the variable on the x-axis or horizontal axis. The marginal cost equation is MC = 20 + Q, which is an equation for a line: a = 20, the vertical intercept; and b = 1, the slope (since 1Q is the same as Q).
+Majeda al hourani Yes, this problem can be solved using integral calculus. First find the quantity where P = MC, which is 20, so Q = 20. Then evaluate the following integral over the interval 0 to 20: (120 -2Q - 4Q)dQ. You will get 120Q - Q^2 -2Q^2 and then evaluate between 0 and 20 to get 120(20) - 20^2 -2(20^2) - [120(0) - 0^2 - 2(0^2)] = 1,200.Basically, the integral is finding the area under the demand curve (120 - 2Q) and subtracting out the area under the marginal cost curve (4Q) between 0 and 20 units of output.
Thank you so much! this one is the most explicit video i have watched about microeconomics theory! I finally got to know the price discrimination in this clear way in my final exam period. Thank you!!
Concise and well explained. Thank you!
you save my study life, massive thanks
I have learned a lot, Sir. God Blessed!
These videos are awesome- Thank you thank you , thank you very much.
You teach better than my professor! Thank you so much!!!
thankyou so much!!!!life saver
Perfect!!! And what with the second degree price discrimination?
In 1st-degree price discrimination, can monopolists identify separate market segments as in 3rd degree? or do they use an aggregate demand function?
thanks! very helpful
Hocam kurban olayım size ya kimse sizin gibi anlatamıyor
ほんとに ありがとう ございます
can you please post a vedio about second price discrimination?
How about making a second price discrimination explaining video??
Thanks for the videos, can you please advice on how to calculate the profit here.?
Profit equals producer surplus less fixed cost. I didn't give a value for fixed cost in this video because I didn't give a total costs function, nor did I give average total cost.
@@EconomicsinManyLessons Thanks for the response... Got it
Is this then long run or short run
Don't know how to THANK YOU !!!
My pleasure! Thanks for your comment!
life saver yo
Can you discuss Pareto optimum
can u explain why slope is 1 for the second example
santeena thomas The general equation for a line is y = a + bx, where y is the variable on the y-axis or vertical axis, a is the vertical intercept (where the line intersects the y-axis), b is the slope (it tells us how much the variable y changes from a 1-unit change in the x variable), and x is the variable on the x-axis or horizontal axis. The marginal cost equation is
MC = 20 + Q, which is an equation for a line: a = 20, the vertical intercept; and b = 1, the slope (since 1Q is the same as Q).
1sportingclays thank u so much... sometimes it's the simplest thing that doesn't click
is there any way to do this in a non graphical way/?
+Majeda al hourani Yes, this problem can be solved using integral calculus. First find the quantity where P = MC, which is 20, so Q = 20. Then evaluate the following integral over the interval 0 to 20: (120 -2Q - 4Q)dQ. You will get 120Q - Q^2 -2Q^2 and then evaluate between 0 and 20 to get 120(20) - 20^2 -2(20^2) - [120(0) - 0^2 - 2(0^2)] = 1,200.Basically, the integral is finding the area under the demand curve (120 - 2Q) and subtracting out the area under the marginal cost curve (4Q) between 0 and 20 units of output.
+1sportingclays thank you!!!
What happen when marginal cost is zero
Si
SIR WHY U HAV TAKEN P=MC????
why p=MC