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4. Dr. L. Abramson is a psychiatrist who charges $80 per patient hour. He rents hio nffine in trataovitia and inawe tho fallaritnd nosts per

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4. Dr. L. Abramson is a psychiatrist who charges $80 per patient hour. He rents hio nffine in trataovitia and inawe tho fallaritnd nosts per month: Dr. Abramson is required to acquire continuing education of 80 hours per year; he has budgeted this continuing education at an average cost of $1,000 per month. Because of the nature of his practice, Dr. Abramson's variable costs are minimal, amounting only to $5 per patient. a. How many patients does Dr. Abramson need to see each month to break even? b. Dr. Abramson wishes to develop a practice that will give him an after-tax income of $7,000 per month. He is in a 30 s tax bracket. How many patients does he need to see each month to generate this amount of income? c. The doctor enjoys scuba diving and snow skiing. To pursue these hobbies, he wants to know if it would be possible for him to work six-hour days and four-day weeks and still earn the level of income he desires from (b). Show computations to prove your

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