Do you think I should give or sell my hair? Let me know. The answers to the practice multiple-choice questions are below. 1. A 2. B 3. C

This guy used the opportunity of the creepy email to make another video just for us. God bless u

Hey man thought I’d let you know I passed microeconomics for my online bachelors degree with exemplary scores and you’re the only guy I watched. Took me longer than I wanted because math stuffs is hard for me but I finished micro on to macro with your help

YOU ARE A SAVIOUR!!!!!! I passed my test and my teacher was so surprised and happy for me... all bcoz of you MR. CLIFFORD !!!

For anyone who could not answer 2 At 3$, consumer surplus= (1/2)*base*height = (1/2) * (3-0)*6= 9 $ At new price 6$, consumer surplus = (1/2)*(6-0)*12$= 36$ Total consumer surplus (mean change in consumer surplus) = $36 - $9= 27$ So it is B

5 minus of your videos worth 3 hours of my class, with even better understanding of the course. Thank you very much Mr. Clifford.

Jacob Clifford has MONOPOLY on his HAIR!

I am well out of high school and college, but still love watching and learning from your videos. You’re a world-class teacher, my friend. Thanks for what you do! ...and if it were me, I’d ask for his teacher’s email so I could convey to him directly that, although sending a lock of my hair might be inappropriate, he should give this student some extra points for his above-and-beyond efforts...and for inspiring the making of this video.

thanks sir ,In 10 minutes you actually covered stuffs of 5 pages and your way of teaching is very eye catching .I wish you keep creating such videos

U deserve so much more recognition! I’ve said it once I’ll say it again- best econ teacher !

I am very distracted by the half-gallon of milk on that shelf...

YOU MUST BE killing at investing stocks with the knowledge you have. Whenever I get stuck with learning basic economy (to help me to invest) I just watch your videos and I go OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Thank you, Mr. Clifford and be safe - Socio Major Canadian Dude

I need you to better organize these playlists. Having the summary and practice questions first makes it difficult to navigate when casting to my TV. I LOVE YOUR VIDEOS! I purchased the Ultimate Review Packet and the practice is great. I am an older student, much older student, my grasp of how KZfaq works is limited. Also, my math skills are 30 years old and long gone, so I could use a little more math explanation. Will share to FaceBook after finals. I made the mistake of taking college Microeconomics in the Summer 2 semester that is only 6 weeks long. You have saved me from being completely lost!

I am a MBA student with no background in economic. Your videos helped me a lot. Thanks for sharing Jacob. You are awesome!

Brilliant video, my lecturer couldn't explain it in half a semester but you just did in 10 minutes.

Omg just in time for my test tomorrow

I spent hours on this. Hours. You explained it in a 10 minute video. Thank you very much! Instant subscriber!

You are amazing ! I love Economics but learn and remember even more because of your way of teaching.. The first video that I saw was... MR DARP.. I still remember it after a year or so.. Keep posting !

Thanks for the great video! I'm more of a visual-learner so the use of symbols does help me a lot :). Also the little photograps in the Consumer/Producers surplus graph are helpful.

consumer surplus -- difference btw what consumers are willing to pay and what they do pay (at equil). (top half of the triangle) 1/2 x base x h e.g. Bea is willing to pay $100 for a relic, but the market equilibrium is $40 (between D and S), and therefore she pays $40. $60 is the consumer surplus. producer surplus - difference btw the price what producers are willing to sell for (at equil). (bottom half of triangle) 1/2 x base x h e.g. Ava wants to sell a relic for $10, but the market price is $40, and therefore she sells it for $40. The $30 is the producer surplus. Hence total surplus would be $60 + $30 = $90.

Thank you for this great video. I was asked by my instructor, or the class was asked to post a discussion post about the understanding of Consumer and Producer Surplus for my Macroeconomics class. Your video wasn't boring and actually fun to learn from! Thank you! It helped a lot!

hye sir. i hope u will constantly put subtitles there. because some deaf people like my friend can't understand what u said. thank you

Go third party. Buy from a supplier, barber shop, package it (brand it) as Mr. Cliford's Loc's., then sell it

These videos are about to help me pass my microeconomics class- thank you!

Can't believe he actually cut his hair for the sake of this topic . Great teacher for obvious reasons.

Thank you Mr.Clifford. Am doing my first AS Eco Paper tomorrow ... without your videos, I could be in panic mode right now

two years later, and this video is still helpful. Thanks

I am a second language student. I listened two times and eventually I got it. thank you.

i'm having a quiz in 5 mins, and your video saved me. Thank you!

DUDE! I FRIGGIN' LOVE YOU! Microeconomics has oh, never been so much fun. No, I don't want a lock of your hair, but I would love to get your lesson on positive v. negative externalities.

I learned it perfectly, thanks Jacob! Best wishes, really appreciate it

omg you are so great in your explanations ! i started loving economics again!

Sir, you know what? I've been struggling with this graph for a long time cuz I don't exactly know how to understand the graph 😊 Thanks A Lot!!

1:20 I WAS JUST GOING TO SAY THAT!!!! "You just created a business!!! 😂😂", you legit could do that, no joke.

Thank you for the videos Mr. Clifford! As a lawyer who's just learning about economics, your videos have made it super easy for me to comprehend and understand economic concepts. But I have a question please. I understand that the scenario you painted are hypothetical. However how do they occur in real life? How exactly do firm do an analysis of how much individuals will be willing to pay for a product?

Since this guy have terrible explanation of consumer surplus change, here is a good explanation for how answer for second question is B: First price was: 3 dollars for 12 units. (price A) So, to calculate consumer surplus at this price, you have to calculate the size of triangle ABOVE the price. To do this, we need to take quantity (12) and multiply it by the 1/2 height of triangle, since price is at 3 dollars, height will be: 9 dollars minus 3 dollars, and you get 6 dollars. Now you need to divide the height by two (height 6$ divided by 2) and you get 3. So, when you multiply 12 by 3 (3 is half of height), you get 36, which is size of this triangle. (triangle A) Now, price changes to 6$ for 6 units. (price B) To calculate consumer surplus for this price, you need to do the same thing (quantity × 1/2 height of triangle: which is 3 dollars (9 minus 6) and then divide 3 by 2 to get 1.5, which is 1/2 height of triangle of new price. So, the size of new triangle (B) is 6 × 1,5 = 9. First consumer surplus was triangle A (size 36) Second consumer surplus is triangle B (size 9) So, if it has decreased from 36 to 9, it means 36 - x = 9 Now, you find x: 36 - 9 = x x = 27 So, the question is asking by how much did it DECREASE, and not what is the FINAL CONSUMER SURPLUS (triangle B, size 9). It has decreased by x = 27, since 36 minus x gave us 9.

I would like to learn more about ethics in economics because as you pointed out markets can lead to ethical dilemmas. We should evaluate the morality system that an economic system induces and see if it’s compatible with ours.

Thank you for your efforts Mr Clifford.

This guy is very underrated... keep it up bro!

That was a phenomenal segue into the class Professor, I really enjoyed that! xD

i just love your lectures and way teaching .. thank you for these amzing videos

Mr Clifford D: please can you do some videos on Neo-Classical Trade theory and H-O trade models? please no one is teaching it and all the resources on it are confusing and convoluted.

I don't know, but you should give hime the hair. Also, you are the reason I am passing Economics because of you! :)

In Mr. Clifford we trust 🙏🏽

You should 100% give him a lock of your hair, just knowing that the hair came from the great Jacob Clifford automatically drives the price up

Alot of talent! this is perfect!! looking forward to the next vid... WOW!

Such a great video! amazing techniques to help students understand and remember the concepts.

This video should have more views!!!

Love it I always prefer to watch your videos to others

Thanks Mr Clifford. Learning from Zambia.... You so helpful

Wow, thank you Sir, you make Econs very easy

Someone please explain the second problem at the end. It wasn't taught in the video!

Thank youuuMr Clifford! I would like a lock of your hair too xD Honestly ,u are awesomeeee

Just in time for my exam on Tuesday 😃😃😃😃😃😃 thanks Clifford

"That I cannot tell," said the Wizard; "but we cannot now be far below the earth's surface, and that entrance may lead to another stairway that will bring us on top of our world again, where we belong.

thanks a lot for these lessons, they have improved a lot on my Economics. Really fun and they just keep me going video after video. I have learnt a lot. Keep this up and am going to get an A😁😁😁😁😁

Great video, thanks Mr. Clifford

Mr clinford you are more intelligent than my book.

10:04 If the base of that triangle is 3, and the price per unit falls by $20 per unit, I find the height of the triangle to be $60/unit which gives a consumer surplus of $90. Of course, who would buy 0 locks of hair for $120? That's just charity. Using a triangle to compute consumer surplus assumes that I can buy any fractional amount of a good. Would you be happy with half of a car for example? It's maybe better to think of the consumer surplus as the money saved per unit for quantities less than the equilibrium quantity. $40 (for 1 unit) + $20 ( for 2 units = $60 in consumer surplus.

Thank you for saving me the day before my ap test😭

Mr. Clifford is my hero

An intimate discussion with Binance's CEO about future developments

Yes you should

0:16 😂😂😂😂😂😂 HE WANTS TO CLONE YOU! So we can increase efficiency and the number of good professors in the world.

Hi. Mr. Clifford, can you please explain how you got B as the answer for question 2 again? I got A. I followed the formula 1/2BH. That is. I multiplied the increase of price (which was 3 units) to the decrease in supply (6 units) and divided it by 2.

@4:01 How is the opportunity cost of producing the forth unit $80 ? It should only be $20 since the initial 60$ is the cost of producing the first 3 units?

Sir, i must agree ur useful. The Mike from Africa Cameroon

can someone tell me why pop quiz #2 choose 27$, please?

I just wanted to say, I love your videos and you might be the reason I actually pass economics! LOL Thanks for making these!!

Hello Sir, thank you so much for your tutorials, they are amazing and REALLY help me a lot! I wonder if there is any special price for college students of your ultimate package at this moment?

can someone please explain the answer for the pop quiz number 2?

thank you for your best lectures...would you plz make videos related on expected utility and firm production under uncertainty !!! thank you so much!!!

Okay Sir, can you please explain for us number 2

How did you get 27 in Q2? Sir

Hi guys I really did not understand the 3rd question. can anybody help me to get the question?

How much are you willing to sell that rank spoiled milk behind you? Or is it glue? My guess is it is actually glue.

king of markets !

I am still a little confused on how you got 27 on number 2

This is soooo helpful!! Thank you!

I really Love your videos! I have to ask.. Why is the milk sitting on the bookshelf?!!🤔

Hey Mr Clifford you are internet sensation. I use your videos in my class regularly. I love that they are short, impactful and engaging. I am really interested in resources needed to produce such videos. Can you help?

Please make a video on elasticity using midpoint formula 😢😢😢🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

This mans a legend

Mapping out the procedure for quick and efficient refunds

you make economics interesting!

I LOVED THE VIDEO but can someone explain why 2 is b please

I don't understand how the second answer is 27? Can someone please explain?

i love your content so much. thanks for the dedication. may i also have a lock of hair please?

OMG I wish you were my Professor!

better than Oxford teacher

just in time for midterm exam

Keep up it! !!if u are interested please give acourse about how to write abusines plan and also give us how to do aresearch in economix with example

i may have a chance to pass this class after all

Great content

Can anyone help me with Question 3?

Keep it up 🔥🎶

Sam Cascella the goat

Sweet Vid!!

Mr clifford just one thing you said in this video that if the last person gets the unit for $40 then market will be inefficient because it is less than the opportunity cost of producing the fourth unit ...what is the relation...didn't get it

your barber - nice idea