Question: I need Excel calculation for the problem below: Problems are from Economics for Healthcare Managers 3rd Edition by Robert H. Lee 1.Sweetwater Nursing Home has

I need Excel calculation for the problem below: Problems are from Economics for Healthcare Managers 3rd Edition by Robert H. Lee

1.Sweetwater Nursing Home has 150 beds.Its cost and volume data are as follows. Calculate its average and marginal costs for volumes ranging from 100 to 140.What patterns do you see?

Residents Costs

80 $10,000

100 $11,000

120 $12,000

140 $13,200

2.How would the average and marginal costs change if the phlebotomist's wage rose to $24 per hour? What principle does your calculation illustrate?

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