Consumer & Producer Surplus

[napleshigh65]

You have taught me more in 3 minutes than my teacher has taught me all year! Thank you so much

[YNSS1994]

Still confused about producer surplus

[ifans123]

yet you are correct when you talk about less efficient firms coming in below the market price as it moves up the supply the curve in yet these are efficient because they can produce below the market price and we are assuming that profit has already be included in that price. Or do you mean they are non efficient because they can only produce a small supply at that price? hence my observations have been a little wayward. It's just we played your video in class and it came up as an observation

[ifans123]

just to pick you up on a point you disuss when illustrating producer supply companies below the current market price being inefficient how can they be when they are supplying below the market price? They can gain short term market share from competitive pricing, well below the current market price continually there producer surplus is more. Surely these companies are efficient not inefficient?

[BrynJonesOnline]

Noformulas, no calculations, you just need to be able to draw the diagrams and explain them

[SheVooZaXoo]

i have a question , what is the thing i need in this topic ? i mean is there are any formulas or calculations to solve producer or consumer surplus ?

[BrynJonesOnline]

Yes and no! Producer surplus shows the amount firms receive above the pricet they needed to receive to supply the good. You can assume that supply price they required included the profit they wanted, so the producer surplus is additional profit in addition to their required profit

[boniani]

Very good ! thank you

[thenumber49]

you are awesome. i finally get :')

[carlacarolina25]

thank you!!!!!

[Saelie]

lifesaver <3

[c3101286]

Very good

[grunge0730]

Thank you very much for your help, I'm relating this back to Calculus for a class assignment, and you are a lifesaver!

[poshstars]

thanks, this really help.

[lizzieestmoi]

30 seconds of this video and a WHOLE year of confusion has gone. Thank you SO much!

[cyborg2703]

it helps me, thanks a lot =D

[AmericanKamakazi]

AMAZING! thank you, god bless you :D

[Lov5603]

You are very good. You make economics fun...Thank you.

[aghajan12]

very nice