General hospital, a not-for-profit acute care facility

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Reference no: EM13840093

General Hospital, a not-for-profit acute care facility, has estimated the following costs for its inpatient services:

Fixed Costs: $10,000,000

Variable cost per inpatient day $200

The hospital expects to have 15,000 inpatient days next year.

A) What is the hospital's underlying cost structure?

B) What are the hospital's expected total costs?

C) What are the hospital's estimated total costs at 12,500 inpatient days? At 17,500 inpatient days?

D) what is the average cost per inpatient day at 12,500, 15,000 and 17,500 inpatient days?

Reference no: EM13840093

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