Profit Maximization, Revenue Maximization and PED in Pure Monopoly

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  • Опубліковано 8 вер 2024

КОМЕНТАРІ • 46

  • @HIGHzONzLIFE
    @HIGHzONzLIFE 7 років тому +52

    pay £9,000 per year in uni fees just to come on youtube to find this guy condense 2 x 3hr confusing lectures into 18 mins of simple brilliance ... Thanks?

    • @JasonWelker
      @JasonWelker  7 років тому +9

      Thank YOU! Please subscribe!

    • @richardmontana404
      @richardmontana404 7 років тому +2

      This girl is right. Universities do not need you or your success but your money. Great Lecture.

    • @devinrohan6122
      @devinrohan6122 3 роки тому

      instablaster.

  • @sandasimanage1072
    @sandasimanage1072 3 роки тому +1

    thank you for being that greatest economics teacher!!!

  • @yamax1
    @yamax1 11 років тому +1

    I got two economics teacher now-) Thank You Jason, you are one of them, my favourite one -). The message is clear and I started to like microeconomis.

  • @teryn569
    @teryn569 12 років тому

    Thanks so much! This video is excellent. It shows how to draw the profit and revenue maximisation point and really explains all the concepts and reasons behind them well.

  • @saolaomangala2317
    @saolaomangala2317 6 років тому

    Thank you! You are great!! by watching you draw the graph and explain,you make (micro) economic studying more understandable for me. Thank You!!

  • @squablywablly
    @squablywablly 11 років тому

    your videos REALLY help me with revision. thanks so much from Kenya!!

  • @microeco2
    @microeco2 12 років тому

    Excellent , clear explanation of the concept..well done ...

  • @kmkmization
    @kmkmization 5 років тому +1

    Thank u cheers from Egypt

  • @NkemUchendu
    @NkemUchendu 11 років тому

    Jason your tutorials are great. Thanks alot

  • @samidessuky5151
    @samidessuky5151 5 років тому

    This was extremely helpful, keeping putting content like this up for us students !

  • @mohammeduthman5225
    @mohammeduthman5225 5 років тому

    thank you for clearing my concept of understanding curves

  • @agustinarodriguez4823
    @agustinarodriguez4823 5 років тому

    love your lessons and the intro track is great

  • @alisonhill9355
    @alisonhill9355 9 років тому

    Great videos!! Thank you. I learned so much and so much made sense.

  • @VarunGupta45
    @VarunGupta45 8 років тому

    You make it excited. Great work.

  • @richardg4x4
    @richardg4x4 10 років тому

    Would be awesome if you could put links to the first video of the series (i'm not sure where to start)
    Awesome videos! Thank you

  • @noelaamolo9451
    @noelaamolo9451 3 роки тому

    Nice lecture I like his explanation

  • @keshaviranjantiwari7674
    @keshaviranjantiwari7674 5 років тому

    Great lecture thank a lot...by true of my heart

  • @newonthesite1
    @newonthesite1 11 років тому

    Nicely done with clear, clean explanation and drawing! Thanks.

  • @baliparhar2465
    @baliparhar2465 10 років тому

    wow too good. better than my teacher

  • @Keezie27
    @Keezie27 8 років тому

    Really good video

  • @ayushiagrawal1149
    @ayushiagrawal1149 4 роки тому +1

    Sir I have a question....plz answer....will a profit maximizing monopoly will always produce output that is less than output that maximizes sales revenue???? Sir pla answer

  • @hanamariza
    @hanamariza 11 років тому

    Thanks, help me a lot

  • @ryanbeach5858
    @ryanbeach5858 6 років тому

    KACHOW, I FEEL THE POWER OF KNOWLEDGE

  • @mohtoadh
    @mohtoadh 8 років тому

    Thank you.

  • @maus1919
    @maus1919 11 років тому

    Thank you!

  • @MrPemiljayasekara
    @MrPemiljayasekara 10 років тому

    thanQ ,, this helped me with my xams

  • @lisaschwarz1970
    @lisaschwarz1970 11 років тому

    thank you!

  • @matthewchina2755
    @matthewchina2755 6 років тому

    A related question to the last: It's just coincidence that Qrm is at the same Q point such that going upwards intersects MC?

  • @elliotfourcassie1147
    @elliotfourcassie1147 2 роки тому

    whats the name of the song at the beginning?

  • @neha_234
    @neha_234 2 роки тому

    I am not able to go to the website link given below

  • @truman5560
    @truman5560 4 роки тому

    shouldnt it be when MR>0, PED>1, vice versa?

    • @truman5560
      @truman5560 4 роки тому

      nevermind, the data got corrected at 16:19

  • @pistachionuts3886
    @pistachionuts3886 7 років тому

    how monopoly maintains its profit sir?

  • @AmyLee-kc5pd
    @AmyLee-kc5pd 11 років тому

    Why might a firm want to max revenue instead of profits?

  • @janetbarangian8351
    @janetbarangian8351 11 років тому

    anyone can help me how to join this!!

  • @123jwetz
    @123jwetz 8 років тому +2

    I need the name of the song at the beginning of this video

    • @Kublai_jesus
      @Kublai_jesus 7 років тому

      Making me nervous

    • @sarahmorgan9844
      @sarahmorgan9844 5 років тому

      three years late but.. I shazammed it and the song is Making Me Nervous by Brad Sucks

  • @art_wild_west
    @art_wild_west 10 років тому

    Something is wrong in elasticity explanation. Elasticity deals with % and MR is in $. No metter if MR is more then 1 or less - demand can still be elastic

  • @mrityunjay1055
    @mrityunjay1055 3 роки тому

    @3:20 I made that mistake