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Homework answers / question archive / 1)Why is tourism considered an industry here and in other countries? 2)Widgets Inc
1)Why is tourism considered an industry here and in other countries?
2)Widgets Inc. produces widgets. Widget's monthly total fixed costs are $500, and monthly total variable costs are $1,000. If for some reason Widget's fixed cost increased to $4,000, then: average variable costs would increase marginal costs would increase average total costs and marginal costs would increase average fixed costs would increase
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