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.

---

Definitions:

Filter

In psychology, a cognitive process that selectively excludes certain information or stimuli from conscious awareness.

Genetics

The study of heredity and the variation of inherited characteristics in living organisms.

Disease Concept

The model that considers addiction or certain behaviors not merely as failures of will or character but as chronic illnesses that can be treated.

Drug Dependence

Drug dependence is a condition characterized by a compulsive need to use a substance despite harmful consequences, often leading to addiction.