Find optimal decision for hospital if total revenue is given
Suppose a hospital's fixed cost is $50,000,000 and variable cost is $12,000,000. Annually the hospital admits 15,000 patients. What is the optimal decision for this hospital if the total revenue for the past fiscal year is 40,000,000.
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Annually the hospital admits 15,000 patients. What is the optimal decision for this hospital if the total revenue for the past fiscal year is 40,000,000.
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