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Tidy Tidy
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9 years ago
Explain how the listed events (a-d) would affect the following at Hilton Hotels.
  i. Marginal cost
 ii. Average variable cost
iii. Average fixed cost
iv. Average total cost

a. Hilton decides on an across-the-board 5 percent increase in executive salaries.
b. Hilton decides to eliminate all print advertising.
c. Hilton signs a new contract with the Culinary Workers Union that requires the company to increase wages for all its kitchen workers.
d. The federal government starts to levy a $5 room tax on all hotel rooms.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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8 years ago
You're welcome Happy Dummy
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