Total revenue and elasticity | Elasticity | Microeconomics | Khan Academy
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- Опубліковано 13 жов 2024
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I am so grateful to have the Khan Academy as a resource while trying to navigate through my Microeconomics course!
Sir, you are the reason I can study the day before my tests. I love you.
Mr Khan,
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Just had the most satisfying brain click as you graphed the TR. Thanks!
This explains so much, thank you, I was a bit confused after class, and this cleared it and gave much more information!❤
You are literally the best on the internet
Thank you!! Well- explained!
probably the best resource in the internet'
Great video!! I have 2 questions
1. We are calculating the price that maximize the revenue, in which we are not using the elasticity. In this case why is important de elasticity?
2. How can I calculate the elasticity of the six price points (not individually, like a everything)?
Thanks in advance for your reply.
This man is so knowledgeable
I could listen to Sal say "burger stand" all day.
Also thank you so much for this
Most helpful page ever!!!!
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These are basic education, Kurt. Illustrated by these elementary models to captivate student interest in the study.
That would be in the field of Ph.D.. Of course we don't want to generalize things.
Thank you!
11:00 anyone can explain how the percent change in quantity and price affect area of total of revenue?
When Demand Curve is Inelastic; Price and Total revenue move in the same direction (Increase in Price results in Increase in Total Revenue and vice-versa).
So the percentage change in Price results to a proportionally lower change in Quantity demanded and hence the area of the total revenue changes because the increase in revenue resulting from selling the product at an increased price is greater than the loss in revenue resulting from reduction in quantity demanded.
I have a query, how do I calculate the price elasticity for say the given data? What formula do I use?
If total revenue rises for the good price falls then , is called elastic or in elastic?
POV: Its 2023 and this man's video from 11 years ago is saving your microeconomics module grades.
Multiple topics are covered. Try going over his beginning math tutorials. Usually people get flustered when they don't understand things. Learn at your own pace, good luck pal'!
thanks
"short and fat rectangle" =))
Sht... Day before my exam ik nothing. But here I am..... Absorbing every information like a sponge 🤣
Instead of making a curve, why didn't he simply join point C and point D ?
Hii
I tried constant unit elasticity.. but the the demand graph is always a diagonal straight line.. and not curve.. so can u explain that plz.. coz u have shown curve..
here the demand curve is linear just for the simplicity of studying. it doesn't necessarily has to be linear.
there are a lot of math and statistics in economics...
Did u say area in a curve ? Half ? Huh 🤔 !!
@johmarie7 ...
this is economics..
Thankyou