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Suppose Embassy Suites incurs $100,000 of fixed costs each month. Compute the (a) total fixed cost and (b) fixed cost per guest if the hotel

Suppose Embassy Suites incurs $100,000 of fixed costs each month. Compute the (a) total fixed cost and (b) fixed cost per guest if the hotel has 16,000 guests next month. Compare the fixed cost per guest at the higher occupancy rate to the fixed cost per guest when only 2,000 guests stay during the month.

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