Explain How the Listed Events (A-D)would Affect the Following at Hilton

question 262

Essay

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.

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Definitions:

Strong Belief

A conviction held with confidence and often without need for evidence.

Obligation

A duty or commitment that an individual is bound to fulfill, whether by law, promise, or moral responsibility.

Return In Kind

The act of reciprocating or responding to a gesture or action with a similar one.

Immoral Actions

Behaviors that are considered to be wrong or unethical according to societal norms or personal ethical standards.