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Selma makes the best soaps. Her total fixed cost is $10 per day and her average variable cost is ...

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Selma makes the best soaps. Her total fixed cost is $10 per day and her average variable cost is ...

Selma makes the best soaps. Her total fixed cost is $10 per day and her average variable cost is $1.50 per bar. When she first starts her company, very few people know about her soaps and she maximizes her profit by selling 24 bars at $9 a bar. Selma thinks that if she spends $120 a day on advertising, she will sell 102 bars at $9 a bar.
If advertising does help her sell 102 bars, her economic profit ________ (increases/decreases) by ________.
Please round your answer to two decimal places.

▸ increases, $582.00

▸ increases, $465.00

▸ decreases, $582.00

▸ decreases, $465.00

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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