Microeconomics Discussion Forum 6.docx - 6 DISCUSSION FORUM...

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6. DISCUSSION FORUM: A nice example of maximizing profit is described in the video. Jane, an apple farmer who sells the apples to the local cider mill. And she sells the apple at 50 cents per apple. In the video it said that the marginal cost for the apples at the bottom is cents per apple and for the apples at medium height is cents per apple and for apples at the top of tree costs 55 cents per apple. We always want to maximize our profits. But in the example Jane is leaving the apples at the top to rot. I believe that those apples shouldn't be left for rotting. Government's intervention is needed. It should provide with the subsidies. For the apples at top 55 cents is the costs, here the government should intervene by providing with the loans or bearing the half of the cost of production. With government subsidies for apples farmers, government should consider what are the
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