Question: 1- Consider the following data: fixed costs = $10 million, variable cost per inpatient day = $400, and revenue per inpatient day = $1,200. What

1- Consider the following data: fixed costs = $10 million, variable cost per inpatient day = $400, and revenue per inpatient day = $1,200. What is the contribution margin?

2- Assume the following cost and revenue data for General Hospital: fixed costs = $15 million, variable cost per inpatient day = $250, and revenue per inpatient day = $1,000. What is the expected profit at a volume of 25,000 inpatient days?

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