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3. A community shares an orchard. The number of apples picked depends on 3 the number of workers picking apples N. A = 20 (NF.
3. A community shares an orchard. The number of apples picked depends on 3 the number of workers picking apples N. A = 20 (NF. The number of apples picked by each worker is W. Apples can be sold for $1 each. In order to pick apples, workers must pay $5 in costs to get supplies like buckets and stuff. A) If N = 16 how many applm does each worker pick? Are these workers better off than if they did not pick apples? B) If N = 10000? Are these workers better off than if they did not pick apples? C) What is the number of workers that will choose to work? (Hint: nd the N such that they amount each earns is $5 so that no additional workers have incentive to enter.) D] What is the socially optimal number of workers? (The number of workers that maximizes the total prot earned by the workers collectively.) E) What permit fee could the government charge to get the number of workers that enter to be equal to the social optimum
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