In a hospital the average cost per month is $2.300.000 for 10 patients per day when it is less busy. In the busy period the average cost per month attains $2.800.000 when there are 15 patients per day. Calculate the fixed and variable costs assuming that next month there will be 14 patients per day. a) Variable cost: $2.300.000 and fixed cost: $1.300.000 b) Variable cost: $1.400.000 and fixed cost: $1.200.000 c) Variable cost: $1.400.000 and fixed cost: $1.300.000 d) Variable cost: $1.500.000 and fixed cost: $1.300.000
In a hospital the average cost per month is $2.300.000 for 10 patients per day when it is less busy. In the busy period the average cost per month attains $2.800.000 when there are 15 patients per day. Calculate the fixed and variable costs assuming that next month there will be 14 patients per day. a) Variable cost: $2.300.000 and fixed cost: $1.300.000 b) Variable cost: $1.400.000 and fixed cost: $1.200.000 c) Variable cost: $1.400.000 and fixed cost: $1.300.000 d) Variable cost: $1.500.000 and fixed cost: $1.300.000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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QUESTION 8
In a hospital the average cost per month is $2.300.000 for 10 patients per day when it is less busy. In the busy period the average cost per month attains $2.800.000 when there are 15 patients per day. Calculate the fixed and variable costs assuming that next month there will be 14 patients per day.
a) Variable cost: $2.300.000 and fixed cost: $1.300.000
b) Variable cost: $1.400.000 and fixed cost: $1.200.000
c) Variable cost: $1.400.000 and fixed cost: $1.300.000
d) Variable cost: $1.500.000 and fixed cost: $1.300.000
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