Perfect (First-degree) Price Discrimination

This video shows how to mathematically solve for producer surplus when a firm engages in perfect price discrimination.

[@yuzhouyuan6679]

Thank you so much! this one is the most explicit video i have watched about microeconomics theory! I finally got to know the price discrimination in this clear way in my final exam period. Thank you!!

[@Hercules003]

These videos are awesome- Thank you thank you , thank you very much.

[@serinacat4781]

you save my study life, massive thanks

[@benjamintayaj]

Concise and well explained. Thank you!

[@rexnoblefranca7461]

I have learned a lot, Sir. God Blessed!

[@ТимурМамасалиев-ц5у]

Perfect!!! And what with the second degree price discrimination?

[@xuanzhuluo9218]

You teach better than my professor! Thank you so much!!!

[@ramanathansundaram5811]

Thanks for the videos, can you please advice on how to calculate the profit here.?

[@EconomicsinManyLessons]

Profit equals producer surplus less fixed cost. I didn't give a value for fixed cost in this video because I didn't give a total costs function, nor did I give average total cost.

[@ramanathansundaram5811]

@@EconomicsinManyLessons Thanks for the response... Got it

[@我是你二爷]

thankyou so much!!!!life saver

[@AkilBoii]

In 1st-degree price discrimination, can monopolists identify separate market segments as in 3rd degree? or do they use an aggregate demand function?

[@fb4680]

Hocam kurban olayım size ya kimse sizin gibi anlatamıyor

[@serinacat4781]

can you please post a vedio about second price discrimination?

[@DavidtheWineMan]

Don't know how to THANK YOU !!!

[@EconomicsinManyLessons]

My pleasure! Thanks for your comment!

[@yuzhouyuan6679]

How about making a second price discrimination explaining video??

[@aninditaroy3323]

Can you discuss Pareto optimum

[@karcynradmanovich9444]

Is this then long run or short run

[@sbtmirza329]

thanks! very helpful

[@mohammadzaid4100]

Si SIR WHY U HAV TAKEN P=MC????

[@thedark3triangles562]

What happen when marginal cost is zero

[@santeenathomas2309]

can u explain why slope is 1 for the second example

[@EconomicsinManyLessons]

santeena thomas The general equation for a line is y = a + bx, where y is the variable on the y-axis or vertical axis, a is the vertical intercept (where the line intersects the y-axis), b is the slope (it tells us how much the variable y changes from a 1-unit change in the x variable), and x is the variable on the x-axis or horizontal axis. The marginal cost equation is MC = 20 + Q, which is an equation for a line: a = 20, the vertical intercept; and b = 1, the slope (since 1Q is the same as Q).

[@santeenathomas2309]

1sportingclays thank u so much... sometimes it's the simplest thing that doesn't click

[@tomfletch96]

is there any way to do this in a non graphical way/?

[@EconomicsinManyLessons]

+Majeda al hourani Yes, this problem can be solved using integral calculus. First find the quantity where P = MC, which is 20, so Q = 20. Then evaluate the following integral over the interval 0 to 20: (120 -2Q - 4Q)dQ. You will get 120Q - Q^2 -2Q^2 and then evaluate between 0 and 20 to get 120(20) - 20^2 -2(20^2) - [120(0) - 0^2 - 2(0^2)] = 1,200.Basically, the integral is finding the area under the demand curve (120 - 2Q) and subtracting out the area under the marginal cost curve (4Q) between 0 and 20 units of output.

[@tomfletch96]

+1sportingclays thank you!!!

[@edouardmendy4811]

ほんとに ありがとう ございます

[@olivezoo]

why p=MC

[@billliu1358]

life saver yo