Question: Consider the following data: Fixed costs = $10,000,000. Variable cost per inpatient day = $400. Revenue per inpatient day = $1,200. What is the contribution
Consider the following data: Fixed costs = $10,000,000. Variable cost per inpatient day = $400. Revenue per inpatient day = $1,200. What is the contribution margin? a. $ 400 b. $ 800 c. $1,200 d. $1,600 e. $2,000
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