A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type akes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule p to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine ow many of each type of operation the hospital would perform to maximize its revenue.
A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type akes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule p to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine ow many of each type of operation the hospital would perform to maximize its revenue.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type
takes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule
up to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine
how many of each type of operation the hospital would perform to maximize its revenue.
Number of 30 minute operations =
Number of 1 hour operations
%3D
Number of 2 hour operations D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5e9afa3-09c1-4f14-b975-9e0c9450d67d%2F22e0715f-a3c7-42a2-8cb5-6bfcd37e01e3%2Fbuuvnfo_processed.png&w=3840&q=75)
Transcribed Image Text:A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type
takes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule
up to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine
how many of each type of operation the hospital would perform to maximize its revenue.
Number of 30 minute operations =
Number of 1 hour operations
%3D
Number of 2 hour operations D
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