4.3) General Hospital, a not-for-profit acute care facility, has estimated the following costs for its inpatient...

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4.3) General Hospital, a not-for-profit acute care facility, hasestimated 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 nextyear.
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 12,500inpatient 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?
(If using equations or formulas please provide them.)

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Answer a Variable cost per inpatient day 200 Fixed costs 10000000 Total Cost Variable cost per inpatient day Number of inpatient days Fixed costs Total Cost 200 Number of inpatient days 10000000 Answer b Number of inpatient days 15000 See Answer

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4.3) General Hospital, a not-for-profit acute care facility, hasestimated the following costs for its inpatient services:Fixed costs$10,000,000 Variable cost per inpatient day $200The hospital expects to have 15,000 inpatient days nextyear.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 12,500inpatient 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?(If using equations or formulas please provide them.)