Producer surplus | Consumer and producer surplus | Microeconomics | Khan Academy

Looking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price

Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course

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[KenHask]

Khan Academy is one of the greatest online resources available. Keep it up!

[ahmadbiztech]

thank you for this. the sound quality is crystal clear and it was well explained. I wish it was as easy to measure opportunity cost for service based businesses.

[gardenofnea]

with your help I'll ace my economics exam, thank you!!!

[heikoyeh]

Really, when I had micro 1 year ago, i didnt get anything...but now, u really make me love it! :D

[tvvt]

6:47 is it because the first one thousand pounds is included in the 4000 pounds that will be sold for 4 dollars?

[ZDY]

why is it per "Week" at the end? isnt it per year?

[kevinanand]

Every time i hear your voice and whenever you use exclamation on particular words, you sound a bit like Bane from The dark knight.

[jame]

It's very easy to understand. Thank you so much. Hope that you will upload more videos about economic lessons like this. @@

[sarthakoberoi]

as the seller, our goal should be to minimise consumer surplus and maximise producer surplus right?

[joshkaspian]

I have an urgent question..Explain the changes in consumer surplus, producer surplus, government revenue, welfare loss and allocative efficiency.

[Hrdstylwns]

I'm confused on how the supply curve measures opportunity cost. To my understanding, opportunity cost is the amount of goods or services that must be forgone to produce, buy, or sell something. Supply curve measures the amount of goods and services supplied to markets at different prices. So, the supply curve also indicates that in order for a producer to sell a certain amount of goods and services, the price must be a certain amount in order for it to be worth selling the goods and services. But what I don't get is when you say, " the opportunity cost for 2000 ibs of berry is 2 dollars per pound." How is that an opportunity cost?

[williamkane]

i cannot imagine what is producer or consumer surplus look like in reality.

[piesdepau]

so when they produce more than 4 000 lbs quantity they don't make any more profit?

[GrujicaDete]

Awesome video! And a really nice drawing program. What program are you using?

[MannSaab_]

This is only possible when the old inventory is sold at current market prices mean the price hasn't jumped at once, it has gradually adapted itself for equilibrium, why would we have producer surplus then ?

[eugeniojimenez]

what is the app used
i can really use this for my economics class

[smrdim]

since when u need economy at Hogwarts ?!