Please consider.supporting this channel: www.paypal.com... I demonstrate how a monopolist maximizes profit.
Жүктеу.....
Пікірлер: 103
@h_j_v3 жыл бұрын
My teacher spent about half an hour trying to show us how to do this same problem only using algebra. Thank god for calculus, those who understand it have a much easier time with this stuff.
@harrycooper49399 жыл бұрын
I've been looking for an explanation like this for hours, thank you so much!
@yvettezapata394728 күн бұрын
Just discovered this channel and it has helped me so much with my Economics class.
@lakmalhasitha5678 Жыл бұрын
This is a usefull video although it is 10 years past. I really appreciate this. ❤️
@EconomicsinManyLessons
Жыл бұрын
I appreciate that! Thanks for watching!
@bluetunacult76744 жыл бұрын
Thanks for the cleaning articulating no nonsense video. Please keep making great videos like this.
@ClarkKent-ew7hp4 жыл бұрын
Never understood what the lecturer taught in class but this video made me understand it better.
@kimdaniel10917 жыл бұрын
oh my lord i could hold on to my microeconomics class only thanks to your lecture. I sincerely appreciate your helps!
@DuskAndHerEmbrace136 жыл бұрын
Hey, I didn't know Tom Cruise had started teaching microeconomics these days.
@abdyabdulahi4002 жыл бұрын
I have confused how to calculate price and quantity, now I got it Thanks.
@Latin_American_Economic9 жыл бұрын
thank you for the video. I was having a hard time figuring out how to do the calculations and your video was very helpful. thank you :)
@LamNguyen-df7oh8 жыл бұрын
Exactly what I needed! Thank you!
@urmilakhattri6499
6 жыл бұрын
Do u understand this..then tell me how we calculate MC in this
@jubin37834 жыл бұрын
This was the exact stuff I was looking for Thanks
@hei9504
4 жыл бұрын
Please could you tell.what exactly we will find in the end of this solution?
@Ayzeeification9 жыл бұрын
great explanation but would have proffered if you had given the TC from the onset. caused confusion when i was attempting it
@kolaifa10 жыл бұрын
Just started watching today. these videos are awesome!
@figulapt3784 Жыл бұрын
Bruhh our prof teaches this in pure algebra and it was so long!! After the exam, she taught us this calculus method -.- Nice vid btw
@vincentthuku37734 жыл бұрын
I went looking for copper but I struck gold. Thanks so much.
@teecree6225 Жыл бұрын
you're the best man
@EconomicsinManyLessons
Жыл бұрын
I appreciate that! Thanks!
@liviantus7 жыл бұрын
very usful thank you do more such prblems with calculus
@benson-ml7rz Жыл бұрын
I like the way you explain,thank you
@sushmarani77523 жыл бұрын
Explanation is good.
@EconomicsinManyLessons
3 жыл бұрын
Thank you!
@chizobaomosor14853 жыл бұрын
Beautiful and simple explanation. Bless up,❤️💛💚
@ABGuruji6 жыл бұрын
How you got MC=40 and MR = 400-10Q (Given formula couldn't be figured out)
@bettyd13
6 жыл бұрын
A.B Guruji did you get an answer?
@Finner
6 жыл бұрын
MC=40Q Because at the first of video is 100 + 20^2 Q, son, 100 derivate is zero and 20^2 Q derivate follow the derivate derivate of x^n= nx^n-1, result, 40 Q. On the another hand, 400-10Q also follow derivates rules, derivate of n = 0, and derivate nx= n.
@veghar7920
5 жыл бұрын
do some calculus before microeconomics
@varunjashnani3120
5 жыл бұрын
U need to understand how to take derivatives before getting into such problem solving
@saraa4999
5 жыл бұрын
i dont get it .. =(( @@Finner
@jeremyberemey50262 жыл бұрын
How did you get 40q for MC, that was kind of brushed off
@NicoRobin518
Жыл бұрын
i was wondering where the 100 went
@funwithstudy072 жыл бұрын
Please cover application of simple derivatives...of mathematical economics..🙏🙏
@Strusell3 жыл бұрын
Thanks for the excellent explanation.
@robertasalatioan4 жыл бұрын
Very good explanantion, well done !!!
@DioxideCad5 жыл бұрын
You don't explain how you get a decent amount of the numbers at 3:00. found this very frustrating and not helpful at all.
@Joe-nr2tb Жыл бұрын
Can someone explain me how -5q^2/q is equal -10q ?😢
@Syntheti
Жыл бұрын
I’m not sure if you still need help but if you do: Since it was (400-5q)*q That distributes to 400q-5q² When you take the derivative of an exponent, you multiply the the number by the exponent(in this case the number is 5) so 2*5 and then we subtract 1 off the exponent. This is also why 400q becomes 400, another way to write 400q would be 400q¹ and 400q¹⁻¹ is equal to 400*1 So the derivative would be 1*400q ¹⁻¹-2*5q ²⁻¹ which is equal to 400-10q
@naomi23892 жыл бұрын
Thanks this is really helpful!!!
@hauntedhouse78277 жыл бұрын
you may have just saved my econ grade!
@bossnian56155 жыл бұрын
Thank you!
@revelyn55304 жыл бұрын
Thanks now i get it😍😍 Our instructor is the worst... Just kidding😂
@alextomas63768 жыл бұрын
Thank you for this video! Very helpful!
@elsaturner27743 жыл бұрын
Very very helpful. Thanks!
@AsianAesthetics5 жыл бұрын
Thank you! This helped me greatly :)
@xzotic928 жыл бұрын
thanx so much for this video you are a lifesaver
@isurukumara9716 Жыл бұрын
Thank very for your lesson
@user-ht7wb7cc1x2 жыл бұрын
Thank you! Really helpful!
@Amitsharma-ts1uq2 жыл бұрын
A monopolist has cost function TC = 10 + 2Q, where TC is the total cost of producing Q units of output. Demand in this market is given by theequation Q = 14 - P, where P stands for the price. Calculate the profit that the monopolist will be making. Sir aap solve kar skte ho plz
@kirstyoforiwaa
Жыл бұрын
The profit is 22
@amittapria29404 жыл бұрын
What happens when a monopolist invest in the advertisement to shift their demand curve? How to proceed in that case.
@meagain9199 жыл бұрын
Been looking for these kinda vids ! Superduperstuff
@josefloresmogollon4737 Жыл бұрын
Why always in this problems use the inverse demand?
@patriks41596 жыл бұрын
awesome video bro
@avinashkour99665 жыл бұрын
Gud explain sir ......👍thnx
@times589 жыл бұрын
Very helpful!
@16_moriumaktermim44 жыл бұрын
Thanks a lot,,it was helpful!
@setaliberga.e5529 жыл бұрын
This is not monopoly profit maximizing calculation. Where is AR=P ?
@wangrella27867 жыл бұрын
very useful, but can you explain how to charge for the price as well?
@fleurfr8 ай бұрын
dtu attendance here
@melinaaslan98906 жыл бұрын
thank you so much!
@danielchisala597 жыл бұрын
great job thanks
@bareerafyiaz31843 жыл бұрын
Plz explain about TC
@oyuchan16996 жыл бұрын
it was so helpful
@VicSMeIsTeR5 жыл бұрын
Great thanks!
@edrodriguez4172 Жыл бұрын
I love u so much u dont understand
@timestopcollection73124 жыл бұрын
Thanks ✊
@naomiruth76725 жыл бұрын
thanks a lot
@geetasachdeva76202 жыл бұрын
Sir here how u calculate this MR?
@bluerain56524 жыл бұрын
What if it is producing 2 products?
@heenapurswani14184 жыл бұрын
How dtc/dQ =40Q
@EconomicsinManyLessons
4 жыл бұрын
TC = 100 + 20Q^2. The derivative of a constant, like 100, is zero. The derivative of 20Q^2 = 2(20)Q^(2-1) = 40Q. See here for more examples: kzread.info/dash/bejne/ZqCOw8GrY7mnj9I.html
@masterofpk14 жыл бұрын
How does -5q^2 /q end up -10q??? I've been struggling for hours and theres nothing to explain this.
@EconomicsinManyLessons
4 жыл бұрын
Following the rules of differentiation, the derivative of Y = X^a, or dy/dx = aX^(a-1). The derivative of -5q^2 = 2(-5)q^(2-1) = -10q. This may help:kzread.info/dash/bejne/ZqCOw8GrY7mnj9I.html
@masterofpk1
4 жыл бұрын
@@EconomicsinManyLessons thank you very much!
@UncleChopChop22
2 жыл бұрын
@@EconomicsinManyLessons thank you, I was struggling with this one too.
@khalidoumer67122 жыл бұрын
How did u find TC ?
@bareerafyiaz31843 жыл бұрын
Tc is given?
@EconomicsinManyLessons
3 жыл бұрын
TC is the total cost of producing the good. It is given in this problem.
@cynthiaakos5 жыл бұрын
Where did the Total cost come from? Was it given or did he work it out?
@EconomicsinManyLessons
5 жыл бұрын
Total cost was just given.
@ttofaudishanghai3 жыл бұрын
how did you come up with the equations?
@EconomicsinManyLessons
3 жыл бұрын
I basically made them up. I wanted an inverse linear demand of the form P = a - bQ, and I wanted the MC to be an upward sloping straight line.
@naomymutuwa43875 жыл бұрын
. Suppose that Intel has a monopoly in the market for computer chips. In order to produce X computer chips, it costs Intel C(X) = 2X2 . If the demand for computer chips is XD = 12 - 1.25 . Find the level of output that maximizes Intel’s profits. What price is Intel charging? Find the marginal cost of producing a computer chip for Intel. What level of output would maximize total surplus in the computer chip market? Suppose the government knew the demand and production functions. Find a price regulation the government could impose that would induce Intel to maximize total surplus, i.e., produce the efficient quantity from part (c). If the government subsidized Intel s for every unit of computer chips produced, what quantity would Intel choose as a function of s? Find the choice of subsidy that maximizes total surplus, i.e., induces Intel to produce the efficient quantity from part (c).
@ysngsj0765 Жыл бұрын
Where did 10Q came from?
@EconomicsinManyLessons
Жыл бұрын
The derivative of 5Q^2 is (2)5Q^(2-1) = 10Q. The exponent on Q (the 2) is multiplied by the 5 to get 10, and then you subtract 1 from the exponent to get 10Q.
@obaroogbaide43026 жыл бұрын
how do i find profit
@EconomicsinManyLessons
6 жыл бұрын
obaro ogbaide profit = total revenue - total cost. Total revenue = price x quantity. In this problem, total revenue is $360 × 8 = $2880. Total cost is 100 + 20Q^2, and equals 1380 when Q = 8. Profit = 2880 - 1380 = 1500.
@AbdulRahim-jz6gh8 жыл бұрын
Does anyone know how to draw this? I know how to get all the numbers I just don't know how to represent it on a graph.
@dynamix2983 жыл бұрын
So... who else thought this was a way to get maximum profit in monopoly...
@colour4life164 жыл бұрын
I am confuse how it's 400-10Q
@esthermutindi4225
3 жыл бұрын
Am stuck there as well
@colour4life16
3 жыл бұрын
@@esthermutindi4225 we have 5Q² So we have to multiply 5 X 2 & Q²-¹ = 10Q Hope it will help you
@esthermutindi4225
3 жыл бұрын
Yes. It might but my
@esthermutindi4225
3 жыл бұрын
Question is different, can I type here you help plz
@colour4life16
3 жыл бұрын
@@esthermutindi4225 yeah sure it's one of the derivative formula
Пікірлер: 103
My teacher spent about half an hour trying to show us how to do this same problem only using algebra. Thank god for calculus, those who understand it have a much easier time with this stuff.
I've been looking for an explanation like this for hours, thank you so much!
Just discovered this channel and it has helped me so much with my Economics class.
This is a usefull video although it is 10 years past. I really appreciate this. ❤️
@EconomicsinManyLessons
Жыл бұрын
I appreciate that! Thanks for watching!
Thanks for the cleaning articulating no nonsense video. Please keep making great videos like this.
Never understood what the lecturer taught in class but this video made me understand it better.
oh my lord i could hold on to my microeconomics class only thanks to your lecture. I sincerely appreciate your helps!
Hey, I didn't know Tom Cruise had started teaching microeconomics these days.
I have confused how to calculate price and quantity, now I got it Thanks.
thank you for the video. I was having a hard time figuring out how to do the calculations and your video was very helpful. thank you :)
Exactly what I needed! Thank you!
@urmilakhattri6499
6 жыл бұрын
Do u understand this..then tell me how we calculate MC in this
This was the exact stuff I was looking for Thanks
@hei9504
4 жыл бұрын
Please could you tell.what exactly we will find in the end of this solution?
great explanation but would have proffered if you had given the TC from the onset. caused confusion when i was attempting it
Just started watching today. these videos are awesome!
Bruhh our prof teaches this in pure algebra and it was so long!! After the exam, she taught us this calculus method -.- Nice vid btw
I went looking for copper but I struck gold. Thanks so much.
you're the best man
@EconomicsinManyLessons
Жыл бұрын
I appreciate that! Thanks!
very usful thank you do more such prblems with calculus
I like the way you explain,thank you
Explanation is good.
@EconomicsinManyLessons
3 жыл бұрын
Thank you!
Beautiful and simple explanation. Bless up,❤️💛💚
How you got MC=40 and MR = 400-10Q (Given formula couldn't be figured out)
@bettyd13
6 жыл бұрын
A.B Guruji did you get an answer?
@Finner
6 жыл бұрын
MC=40Q Because at the first of video is 100 + 20^2 Q, son, 100 derivate is zero and 20^2 Q derivate follow the derivate derivate of x^n= nx^n-1, result, 40 Q. On the another hand, 400-10Q also follow derivates rules, derivate of n = 0, and derivate nx= n.
@veghar7920
5 жыл бұрын
do some calculus before microeconomics
@varunjashnani3120
5 жыл бұрын
U need to understand how to take derivatives before getting into such problem solving
@saraa4999
5 жыл бұрын
i dont get it .. =(( @@Finner
How did you get 40q for MC, that was kind of brushed off
@NicoRobin518
Жыл бұрын
i was wondering where the 100 went
Please cover application of simple derivatives...of mathematical economics..🙏🙏
Thanks for the excellent explanation.
Very good explanantion, well done !!!
You don't explain how you get a decent amount of the numbers at 3:00. found this very frustrating and not helpful at all.
Can someone explain me how -5q^2/q is equal -10q ?😢
@Syntheti
Жыл бұрын
I’m not sure if you still need help but if you do: Since it was (400-5q)*q That distributes to 400q-5q² When you take the derivative of an exponent, you multiply the the number by the exponent(in this case the number is 5) so 2*5 and then we subtract 1 off the exponent. This is also why 400q becomes 400, another way to write 400q would be 400q¹ and 400q¹⁻¹ is equal to 400*1 So the derivative would be 1*400q ¹⁻¹-2*5q ²⁻¹ which is equal to 400-10q
Thanks this is really helpful!!!
you may have just saved my econ grade!
Thank you!
Thanks now i get it😍😍 Our instructor is the worst... Just kidding😂
Thank you for this video! Very helpful!
Very very helpful. Thanks!
Thank you! This helped me greatly :)
thanx so much for this video you are a lifesaver
Thank very for your lesson
Thank you! Really helpful!
A monopolist has cost function TC = 10 + 2Q, where TC is the total cost of producing Q units of output. Demand in this market is given by theequation Q = 14 - P, where P stands for the price. Calculate the profit that the monopolist will be making. Sir aap solve kar skte ho plz
@kirstyoforiwaa
Жыл бұрын
The profit is 22
What happens when a monopolist invest in the advertisement to shift their demand curve? How to proceed in that case.
Been looking for these kinda vids ! Superduperstuff
Why always in this problems use the inverse demand?
awesome video bro
Gud explain sir ......👍thnx
Very helpful!
Thanks a lot,,it was helpful!
This is not monopoly profit maximizing calculation. Where is AR=P ?
very useful, but can you explain how to charge for the price as well?
dtu attendance here
thank you so much!
great job thanks
Plz explain about TC
it was so helpful
Great thanks!
I love u so much u dont understand
Thanks ✊
thanks a lot
Sir here how u calculate this MR?
What if it is producing 2 products?
How dtc/dQ =40Q
@EconomicsinManyLessons
4 жыл бұрын
TC = 100 + 20Q^2. The derivative of a constant, like 100, is zero. The derivative of 20Q^2 = 2(20)Q^(2-1) = 40Q. See here for more examples: kzread.info/dash/bejne/ZqCOw8GrY7mnj9I.html
How does -5q^2 /q end up -10q??? I've been struggling for hours and theres nothing to explain this.
@EconomicsinManyLessons
4 жыл бұрын
Following the rules of differentiation, the derivative of Y = X^a, or dy/dx = aX^(a-1). The derivative of -5q^2 = 2(-5)q^(2-1) = -10q. This may help:kzread.info/dash/bejne/ZqCOw8GrY7mnj9I.html
@masterofpk1
4 жыл бұрын
@@EconomicsinManyLessons thank you very much!
@UncleChopChop22
2 жыл бұрын
@@EconomicsinManyLessons thank you, I was struggling with this one too.
How did u find TC ?
Tc is given?
@EconomicsinManyLessons
3 жыл бұрын
TC is the total cost of producing the good. It is given in this problem.
Where did the Total cost come from? Was it given or did he work it out?
@EconomicsinManyLessons
5 жыл бұрын
Total cost was just given.
how did you come up with the equations?
@EconomicsinManyLessons
3 жыл бұрын
I basically made them up. I wanted an inverse linear demand of the form P = a - bQ, and I wanted the MC to be an upward sloping straight line.
. Suppose that Intel has a monopoly in the market for computer chips. In order to produce X computer chips, it costs Intel C(X) = 2X2 . If the demand for computer chips is XD = 12 - 1.25 . Find the level of output that maximizes Intel’s profits. What price is Intel charging? Find the marginal cost of producing a computer chip for Intel. What level of output would maximize total surplus in the computer chip market? Suppose the government knew the demand and production functions. Find a price regulation the government could impose that would induce Intel to maximize total surplus, i.e., produce the efficient quantity from part (c). If the government subsidized Intel s for every unit of computer chips produced, what quantity would Intel choose as a function of s? Find the choice of subsidy that maximizes total surplus, i.e., induces Intel to produce the efficient quantity from part (c).
Where did 10Q came from?
@EconomicsinManyLessons
Жыл бұрын
The derivative of 5Q^2 is (2)5Q^(2-1) = 10Q. The exponent on Q (the 2) is multiplied by the 5 to get 10, and then you subtract 1 from the exponent to get 10Q.
how do i find profit
@EconomicsinManyLessons
6 жыл бұрын
obaro ogbaide profit = total revenue - total cost. Total revenue = price x quantity. In this problem, total revenue is $360 × 8 = $2880. Total cost is 100 + 20Q^2, and equals 1380 when Q = 8. Profit = 2880 - 1380 = 1500.
Does anyone know how to draw this? I know how to get all the numbers I just don't know how to represent it on a graph.
So... who else thought this was a way to get maximum profit in monopoly...
I am confuse how it's 400-10Q
@esthermutindi4225
3 жыл бұрын
Am stuck there as well
@colour4life16
3 жыл бұрын
@@esthermutindi4225 we have 5Q² So we have to multiply 5 X 2 & Q²-¹ = 10Q Hope it will help you
@esthermutindi4225
3 жыл бұрын
Yes. It might but my
@esthermutindi4225
3 жыл бұрын
Question is different, can I type here you help plz
@colour4life16
3 жыл бұрын
@@esthermutindi4225 yeah sure it's one of the derivative formula