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Watch the following video about profit maximization in the apple business. Saylor Academy. (2013, June 4). How much to produce? The story of marginal revenue

Watch the following video about profit maximization in the apple business.

Saylor Academy. (2013, June 4).How much to produce? The story of marginal revenue and marginal costs[Video]. YouTube.

Watch this video about how an apple farmer decides the optimal number of apples to pick. At the end of the video, consider whether or not the government should intervene in this (somewhat) perfectly competitive market. Think about which arguments you might make both supporting and disagreeing with the government acting in the market.

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