Suppose Ginger's Spice Company sells paprika in a perfectly competitive market and is producing her profit-maximizing level of output. Suppose further that at this level of production her average fixed cost of producing one kilo of paprika is $8, her average variable cost is $18, and her marginal cost is $25. Over time, there will be. in the number of sellers of paprika, everything else held constant. Select one: O A a decrease O B. an increase O C. no change

Suppose Ginger's Spice Company sells paprika in a perfectly competitive market and is producing her profit-maximizing level of output. Suppose further that at this level of production her average fixed cost of producing one kilo of paprika is $8, her average variable cost is $18, and her marginal cost is $25. Over time, there will be. in the number of sellers of paprika, everything else held constant. Select one: O A a decrease O B. an increase O C. no change

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 5SQP

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