How to CALCULATE Consumer Surplus [WITH EXAMPLE] | Think Econ | Microeconomic Concepts

[@ThinkEcon]

Check out our latest Community Poll: ruclips.net/user/ThinkEconcommunity to weigh in on which videos you'd like to see more of over the summer months! If you DEMAND it, we'll SUPPLY it!

[@COOL-ow9di]

Dude explain better then my teacher

[@rumafarjana3368]

Thanks a lot

[@ThinkEcon]

You're welcome!

[@Flamey74646]

Hey! Love your explanations. However, on your video explaining both consumer and producer surplus, you divided by 2 when you used the 1/2xBxH equation. But in this video, you didn’t divide by 2. Is there a reason why you wouldn’t divide by 2 with this problem?

[@ThinkEcon]

Great question! So long story short, multiplying by 1/2 and dividing by 2 are mathematically the same thing. Let me know if that clarifies things for you ☺️

[@Flamey74646]

@@ThinkEcon It does! Thank you so much!

[@ThinkEcon]

@Flamey74646 Happy to help! And I’m glad you’re finding the videos helpful!

[@PreciousIyeke]

Thank you☺️☺️☺️

[@ThinkEcon]

You’re very welcome ☺️

[@thisisyoutubetv3235]

Bravo 👏🏿

[@ThinkEcon]

Thank you!

[@musaluywa978]

I can't see the video for producer surplus

[@ThinkEcon]

Here is the link: ruclips.net/video/6oOlvkmzeyo/видео.html

[@musaluywa978]

Thanks!

[@musaluywa978]

Thanks but I thought you had a video on how to calculate producer surplus with an example.

[@Yash10111]

Does anyone noticed this guy sounds like Tony Stark😊

[@ThinkEcon]

I am Ironman.