| operations |
| comment | | "parent_author":"",<br>"parent_permlink":"dtube",<br>"author":"mes",<br>"permlink":"bhsuozcw",<br>"title":"Applications of Integrals: Economics: Consumer Surplus (DTube)",<br>"body":"<center><a href='https:\/\/d.tube\/#!\/v\/mes\/bhsuozcw'><img src='https:\/\/ipfs.io\/ipfs\/QmQPXKZRiY6cxbQmUWqRHrDedNTspiuhqyN4Whv9RhjpDA'><\/a><\/center><hr>\n\nIn this video I show how we can apply the concept of integrals and integrations to economics by going over the concept of Consumer Surplus. In economics the consumer surplus is the amount of money that consumers would save in purchasing a product or commodity that is currently priced below what each person individually values the product. For example if you value a TV at $1000 but the price is $600 then you would have a savings of $400. Summing these savings up for all the different type of consumers that value the TV higher than it is worth gives the total Consumer Surplus. Visually the consumer surplus is represented by the area under the demand curve graph and above the current selling price of the product. Note that the demand curve is the price per unit vs. number of units expected to sell.\n\nDownload the notes in my video: https:\/\/onedrive.live.com\/redir?resid=88862EF47BCAF6CD!104746&authkey=!ANkQYGynpe5iCtI&ithint=file%2cpdf\nView Video Notes on Steemit: https:\/\/steemit.com\/mathematics\/@mes\/applications-of-integrals-economics-consumer-surplus\n\nRelated Videos: \n\nMarginal Costs - Economics 101: http:\/\/youtu.be\/XS-1L6Iq4Wk\nMarginal Cost vs Average Cost - Economics 101: http:\/\/youtu.be\/HiMaLvsTstc\nMarginal Cost vs Average Cost Example - Economics 101: http:\/\/youtu.be\/W2xx0Wtl608\nhttps:\/\/youtu.be\/TLxmMLFC8tc\nhttps:\/\/youtu.be\/55jrfODcbWY\nMoments and Centers of Mass: Introduction: https:\/\/youtu.be\/lLSo5Hck6FM\nApplications of Integrals: Hydrostatic Pressure and Force: https:\/\/youtu.be\/fesMt6vmXIo\nApplications of Integrals: Surface Area: https:\/\/youtu.be\/JkDPmAD37qk\nApplications of Integrals: Arc Length Function: https:\/\/youtu.be\/MWKK3qLvSwU\nApplications of Integrals: Arc Length Proof: https:\/\/youtu.be\/2rb4H_rmgxg .\n\n------------------------------------------------------\n\nSUBSCRIBE via EMAIL: https:\/\/mes.fm\/subscribe\n\nDONATE! \u0295 \u2022\u1d25\u2022\u0294 https:\/\/mes.fm\/donate\n\nLike,<br> Subscribe,<br> Favorite,<br> and Comment Below! \n\nFollow us on:\n\nOfficial Website: https:\/\/MES.fm\nSteemit: https:\/\/steemit.com\/@mes\nGab: https:\/\/gab.ai\/matheasysolutions\nMinds: https:\/\/minds.com\/matheasysolutions\nTwitter: https:\/\/twitter.com\/MathEasySolns\nFacebook: https:\/\/fb.com\/MathEasySolutions\nGoogle Plus: https:\/\/mes.fm\/gplus\nLinkedIn: https:\/\/mes.fm\/linkedin\nPinterest: https:\/\/pinterest.com\/MathEasySolns\nInstagram: https:\/\/instagram.com\/MathEasySolutions\nEmail me: [email protected]\n\nTry our Free Calculators: https:\/\/mes.fm\/calculators\n\nBMI Calculator: https:\/\/bmicalculator.mes.fm\nGrade Calculator: https:\/\/gradecalculator.mes.fm\nMortgage Calculator: https:\/\/mortgagecalculator.mes.fm\nPercentage Calculator: https:\/\/percentagecalculator.mes.fm\n\nTry our Free Online Tools: https:\/\/mes.fm\/tools\n\niPhone and Android Apps: https:\/\/mes.fm\/mobile-apps\n\n<hr><a href='https:\/\/d.tube\/#!\/v\/mes\/bhsuozcw'> \u25b6\ufe0f DTube<\/a><br \/><a href='https:\/\/ipfs.io\/ipfs\/QmX1xzvqomGxyCEejM1QQgkTtGTkH3VPXUx1tuttD6NaYM'> \u25b6\ufe0f IPFS<\/a>",<br>"json_metadata":" \"video\"<br>\"info\"<br>\"title\":\"Applications of Integrals: Economics: Consumer Surplus\",<br>\"snaphash\":\"QmSMTc3EjJJbo9pthg9VTcJJZctRPL2yNsxa5zPygEbPkV\",<br>\"author\":\"mes\",<br>\"permlink\":\"bhsuozcw\",<br>\"duration\":1097.142857,<br>\"filesize\":45948484,<br>\"spritehash\":\"QmVrTnFmmpqYvrK5FMPMTKusbtpSx5HLCvYkHtvxEfmTzt\" ,<br>\"content\"<br>\"videohash\":\"QmX1xzvqomGxyCEejM1QQgkTtGTkH3VPXUx1tuttD6NaYM\",<br>\"description\":\"In this video I show how we can apply the concept of integrals and integrations to economics by going over the concept of Consumer Surplus. In economics the consumer surplus is the amount of money that consumers would save in purchasing a product or commodity that is currently priced below what each person individually values the product. For example if you value a TV at $1000 but the price is $600 then you would have a savings of $400. Summing these savings up for all the different type of consumers that value the TV higher than it is worth gives the total Consumer Surplus. Visually the consumer surplus is represented by the area under the demand curve graph and above the current selling price of the product. Note that the demand curve is the price per unit vs. number of units expected to sell.\\n\\nDownload the notes in my video: https:\/\/onedrive.live.com\/redir?resid=88862EF47BCAF6CD!104746&authkey=!ANkQYGynpe5iCtI&ithint=file%2cpdf\\nView Video Notes on Steemit: https:\/\/steemit.com\/mathematics\/@mes\/applications-of-integrals-economics-consumer-surplus\\n\\nRelated Videos: \\n\\nMarginal Costs - Economics 101: http:\/\/youtu.be\/XS-1L6Iq4Wk\\nMarginal Cost vs Average Cost - Economics 101: http:\/\/youtu.be\/HiMaLvsTstc\\nMarginal Cost vs Average Cost Example - Economics 101: http:\/\/youtu.be\/W2xx0Wtl608\\nhttps:\/\/youtu.be\/TLxmMLFC8tc\\nhttps:\/\/youtu.be\/55jrfODcbWY\\nMoments and Centers of Mass: Introduction: https:\/\/youtu.be\/lLSo5Hck6FM\\nApplications of Integrals: Hydrostatic Pressure and Force: https:\/\/youtu.be\/fesMt6vmXIo\\nApplications of Integrals: Surface Area: https:\/\/youtu.be\/JkDPmAD37qk\\nApplications of Integrals: Arc Length Function: https:\/\/youtu.be\/MWKK3qLvSwU\\nApplications of Integrals: Arc Length Proof: https:\/\/youtu.be\/2rb4H_rmgxg .\\n\\n------------------------------------------------------\\n\\nSUBSCRIBE via EMAIL: https:\/\/mes.fm\/subscribe\\n\\nDONATE! \u0295 \u2022\u1d25\u2022\u0294 https:\/\/mes.fm\/donate\\n\\nLike,<br> Subscribe,<br> Favorite,<br> and Comment Below! \\n\\nFollow us on:\\n\\nOfficial Website: https:\/\/MES.fm\\nSteemit: https:\/\/steemit.com\/@mes\\nGab: https:\/\/gab.ai\/matheasysolutions\\nMinds: https:\/\/minds.com\/matheasysolutions\\nTwitter: https:\/\/twitter.com\/MathEasySolns\\nFacebook: https:\/\/fb.com\/MathEasySolutions\\nGoogle Plus: https:\/\/mes.fm\/gplus\\nLinkedIn: https:\/\/mes.fm\/linkedin\\nPinterest: https:\/\/pinterest.com\/MathEasySolns\\nInstagram: https:\/\/instagram.com\/MathEasySolutions\\nEmail me: [email protected]\\n\\nTry our Free Calculators: https:\/\/mes.fm\/calculators\\n\\nBMI Calculator: https:\/\/bmicalculator.mes.fm\\nGrade Calculator: https:\/\/gradecalculator.mes.fm\\nMortgage Calculator: https:\/\/mortgagecalculator.mes.fm\\nPercentage Calculator: https:\/\/percentagecalculator.mes.fm\\n\\nTry our Free Online Tools: https:\/\/mes.fm\/tools\\n\\niPhone and Android Apps: https:\/\/mes.fm\/mobile-apps\",<br>\"tags\":[\"mathematics\",<br>\"economics\",<br>\"calculus\",<br>\"steemiteducation\" ,<br>\"video240hash\":\"QmYgRRrebxHRfvnSu7tdmbz5mmXUQZaEqwXrGnZki2emFx\",<br>\"video480hash\":\"QmaZWhWh4SYNSsYaknYRy39hALPSNH78WZ1Ea3PbeBPMw7\" ,<br>\"tags\":[\"dtube\",<br>\"mathematics\",<br>\"economics\",<br>\"calculus\",<br>\"steemiteducation\" ,<br>\"app\":\"steemit\/0.1\",<br>\"image\":[\"https:\/\/ipfs.io\/ipfs\/QmQPXKZRiY6cxbQmUWqRHrDedNTspiuhqyN4Whv9RhjpDA\",<br>\"https:\/\/img.youtube.com\/vi\/XS-1L6Iq4Wk\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/HiMaLvsTstc\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/W2xx0Wtl608\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/TLxmMLFC8tc\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/55jrfODcbWY\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/lLSo5Hck6FM\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/fesMt6vmXIo\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/JkDPmAD37qk\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/MWKK3qLvSwU\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/2rb4H_rmgxg\/0.jpg\" ,<br>\"links\":[\"https:\/\/d.tube\/#!\/v\/mes\/bhsuozcw\",<br>\"https:\/\/onedrive.live.com\/redir?resid=88862EF47BCAF6CD!104746&authkey=!ANkQYGynpe5iCtI&ithint=file%2cpdf\",<br>\"https:\/\/steemit.com\/mathematics\/@mes\/applications-of-integrals-economics-consumer-surplus\",<br>\"http:\/\/youtu.be\/XS-1L6Iq4Wk\",<br>\"http:\/\/youtu.be\/HiMaLvsTstc\",<br>\"http:\/\/youtu.be\/W2xx0Wtl608\",<br>\"https:\/\/youtu.be\/TLxmMLFC8tc\",<br>\"https:\/\/youtu.be\/55jrfODcbWY\",<br>\"https:\/\/youtu.be\/lLSo5Hck6FM\",<br>\"https:\/\/youtu.be\/fesMt6vmXIo\",<br>\"https:\/\/youtu.be\/JkDPmAD37qk\",<br>\"https:\/\/youtu.be\/MWKK3qLvSwU\",<br>\"https:\/\/youtu.be\/2rb4H_rmgxg\",<br>\"https:\/\/mes.fm\/subscribe\",<br>\"https:\/\/mes.fm\/donate\",<br>\"https:\/\/MES.fm\",<br>\"https:\/\/steemit.com\/@mes\",<br>\"https:\/\/gab.ai\/matheasysolutions\",<br>\"https:\/\/minds.com\/matheasysolutions\",<br>\"https:\/\/twitter.com\/MathEasySolns\",<br>\"https:\/\/fb.com\/MathEasySolutions\",<br>\"https:\/\/mes.fm\/gplus\",<br>\"https:\/\/mes.fm\/linkedin\",<br>\"https:\/\/pinterest.com\/MathEasySolns\",<br>\"https:\/\/instagram.com\/MathEasySolutions\",<br>\"https:\/\/mes.fm\/calculators\",<br>\"https:\/\/bmicalculator.mes.fm\",<br>\"https:\/\/gradecalculator.mes.fm\",<br>\"https:\/\/mortgagecalculator.mes.fm\",<br>\"https:\/\/percentagecalculator.mes.fm\",<br>\"https:\/\/mes.fm\/tools\",<br>\"https:\/\/mes.fm\/mobile-apps\",<br>\"https:\/\/ipfs.io\/ipfs\/QmX1xzvqomGxyCEejM1QQgkTtGTkH3VPXUx1tuttD6NaYM\" ,<br>\"format\":\"markdown\" " |
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