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Why was the bid of 90 for 10 rooms rejected by the Hotel administration? What was their cost estimate for the room by the accounting
Why was the bid of 90€ for 10 rooms rejected by the Hotel administration? What was their cost estimate for the room by the accounting department? Why was the bid of 95€ for additional 5 rooms rejected? What was the cost estimate by the accounting department at this point, that is, after rejecting the initial 10 room offer? What should be the cost per room per day? Do you agree with the decision-making of the hotel? Why, Why not?
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
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