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Assignment #2 page 116 amp; 117 End of Chapter Problems 4.1, Assume that a radiology group practice has the following cost structure: Fixed Cost:...
Assignment #2 page 116 & 117
End of Chapter Problems 4.1,
Assume that a radiology group practice has the following cost structure:
Fixed Cost: $500,000 Variable Cost Per Procedure: $25
Furthermore, assume that the group expects to perform 7,500 procedures in the coming year.
A. What is the group's underlying cost structure?
Insert your response here.
B. What are the groups expected total cost?
Insert your response here.
C. What are the groups's estimated total costs at 5,000 procedures? At 10,000 procedures?
Insert your response here.
D. What is the average cost per procedure at 5,000, 7,500 and 10,000 procedures?
Insert your response here.
4.2
