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( 1 0 pts ) In 2 0 1 9 , Stony Brook Hospital admitted 1 2 , 7 7 5 patients. In 2 0

(10 pts) In 2019, Stony Brook Hospital admitted 12,775 patients. In 2020, a 30%
increase in admissions is expected. The hospital has 380 beds. Assume the hospital
operates 365 days a year and assume one patient per bed.
a. If the average patient stays in the hospital for 7 days, how many beds were
empty, on average, in 2019?
b. If the average patient stays in the hospital for 7 days, how many beds were
empty, on average, in 2020?
(10 pts) An investment proposal will have an annual fixed cost of $50,000,
variable cost of $25 per unit of output, and revenue of $45 per unit of output.
a. What is the break-even quantity?
b. To achieve an annual profit of $40,000, what should be the volume of output?
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