I appreciate your effort, but you nearly killed me when an ad played at full volume on my headphones. Please, Please, check your volume levels before uploading to RUclips.
Can't hear you even with speakers maxed out and it made the other youtube I watched on this so loud my dog's barking at my computer. Please adjust your sound.
First of all, you aren't allowed to charge different per unit prices from different consumers. Now the goal of two price tariff is to extra the entire willingness to pay from a consumer. When you have two consumers then your pricing decision depends only on that function demand which is lower. Suppose B is consumer with lower willingness to pay. So to extract the entire willingness to pay of B (i.e. area under the demand curve for upto Q units) you charge P=MC for Q units and you charge a membership fees which is equal to the portion of willingness to pay that is left after subtracting the P*Q. This practice extracts the entire willingness to pay from B. Since you are not allowed to price discriminate, you'll have to charge the same price from the other consumers as well.
This is literally the quietest video on youtube.
dude i don't know how i'd pass my class without this video
Wow you explained
this so much better than my professor at Johns Hopkins... seriously.Thank you
this guy is saving many lives out there!
You summarized my 2h unclear lecture in 10min thanks mate
I can't ʰᵉᵃʳ ʷʰᵃᵗ ʸᵒᵘ ᵃʳᵉ ˢᵃʸᶦⁿᵍ.
I appreciate your effort, but you nearly killed me when an ad played at full volume on my headphones. Please, Please, check your volume levels before uploading to RUclips.
bro you saved my life for this midterm, hmu if you want some suger ;)
THANK YOU
Thank you for all your videos.
Thank you!!!
This would be perfect if it were a little louder
Can't hear you even with speakers maxed out and it made the other youtube I watched on this so loud my dog's barking at my computer. Please adjust your sound.
When charging the customers the same access fee why are they not making any profits on individual units sold?
First of all, you aren't allowed to charge different per unit prices from different consumers. Now the goal of two price tariff is to extra the entire willingness to pay from a consumer. When you have two consumers then your pricing decision depends only on that function demand which is lower. Suppose B is consumer with lower willingness to pay. So to extract the entire willingness to pay of B (i.e. area under the demand curve for upto Q units) you charge P=MC for Q units and you charge a membership fees which is equal to the portion of willingness to pay that is left after subtracting the P*Q. This practice extracts the entire willingness to pay from B. Since you are not allowed to price discriminate, you'll have to charge the same price from the other consumers as well.
Hello, David Kalist😄.
How is profit (p-MC)q ? Is it because Ac=Mc in this particular example ?
Yes, AC = MC.
@@EconomicsinManyLessons Thank you 🙂
@@EconomicsinManyLessons so at time2:21, it should be profit = 450 + 800 + (P-AC)*Q1 + (P-AC)*Q2
Thankyou
This was not very helpful. You spend time explaining basic calculus, but skipped around on economics which is what I actually needed help with.
Agreed.