Question: A hospital reported that its cost function is given by the equation: C=120 + 5.0 Q, where C is the cost in millions of dollars

A hospital reported that its cost function is given by the equation: C=120 + 5.0 Q, where C is the cost in millions of dollars and Q is the hospital output in thousands of bed days. When the production level is 10 (i.e., 10,000 as Q is measured in thousand), the average cost of producing hospital services should be (cost per 1000 bed-days)

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