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Answer to Question #247408 in Microeconomics for ABHISHEK
Question #247408
Assume that you are an entrepreneur of a hotel what are the fixed and variable cost to be carried out in that business
Expert's answer
In this case, any product which will be needing addition of ingredients their costs will be categorized under variable. However, other products which are delivered at the hotel as finished goods including soft drink, their costs will be considered fixed.
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