Question: Nonlinear programming can be used for many applications beyond pricing. Consider the following scenario: The cost per day of running a hospital is 200,000+0.002x 2

Nonlinear programming can be used for many applications beyond pricing. Consider the following scenario:

The cost per day of running a hospital is 200,000+0.002x2 dollars, where x = patients served per day. What size hospital minimizes the per-patient cost of running the hospital?

Solve the problem in Excel. How many patients should the hospital be equipped to serve and at what cost per patient?

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