You are an absolute legend! As an econ student I wish I discovered you much much earlier. No useless talk, no unnecessarily long math stuff, just the stuff that is necessary. Legend that's what you are!
When you calculate potential "profit" for uniform pricing at 7:30 - why do you plug Q = 60 into the total cost function and not Q = 70 like in the expression for TR?
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The 10 is the firm's marginal cost of production. In the beginning of the video, I give the firm's cost function and then take a derivative of it to get marginal cost of 10.
You are an absolute legend! As an econ student I wish I discovered you much much earlier. No useless talk, no unnecessarily long math stuff, just the stuff that is necessary. Legend that's what you are!
When you mukltiplay Q into the equation (110-Q) * Q - shouldnt you multiply Q into both Q and 110 resulting in Q = 110Q - Q^2??
Thank for catching that.. Yes, you are right. The marginal equations are correct though.
You saved my life. Great explanation!!! Very simple and on point.
Thank you so much... I almost gave up. You've simplified everything. Thank you
When you calculate potential "profit" for uniform pricing at 7:30 - why do you plug Q = 60 into the total cost function and not Q = 70 like in the expression for TR?
When u solve for both markets during multiplication why there is Not qd with 110?
Very helpful, Thankuu so much❤❤
You are an absolute lifesaver.
Any Patreon links where one can contribute?
I don't have a Patreon account, but I do accept donations through Paypal: www.paypal.com/donate/?cmd=_donations&business=T2MPM6MSQ3UT8¤cy_code=USD&source=url
extremely well explained
How do we calculate producer surplus, consumer surplus and deadweight loss of this problem?
Thank you so much for this!
thank you
(110-Qd)Qd= 110Qd - Q^2 d but sit you solved this ie 110- Q^2d
Sorry sir ie not sit
Thank you 💕
man what a goat, you're a G
how do you get 10 at 3:27?
The 10 is the firm's marginal cost of production. In the beginning of the video, I give the firm's cost function and then take a derivative of it to get marginal cost of 10.
So helpful
Doesn’t explain each stop in depth. Not helpful.
Thank you!
Thank you
You are very welcome!