ECON-4.2

In this class, we have explored the costs of production, which have a direct impact on the profit of Hilton Hotels and Resorts. Write an essay that addresses the following questions:

1. How do firms benefit from economies of scale?

2. What might be some potential disadvantages of being part of a Hilton Hotels and Resorts?

3. Suppose business is booming at Hilton Hotels and Resorts. It is contemplating on adding more capital, but the day supervisor suggests simply hiring more workers. How should you decide which alternative to pursue?

Assignment Expectations:

Use concepts from the background readings as well as any good-quality resources you find. Please be sure to cite all sources within the text and a reference list at the end of the paper.

The paper should be 2-3 pages, double-spaced, Times New Roman, Font 12.

The following items will be assess:

· Ability to explain how different economies vary in production

· Utilization of in-text references to the modular background readings in APA format

http://www.inflateyourmind.com/pdfs/microeconomics.pdf

The essay should address EACH of the elements of the assignment. Please support with references adding website information.