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7.1. Assume that the managers of Fort Winston Hospital are setting the price for a new outpatient service. Here are relevant data estimates: a. What
7.1. Assume that the managers of Fort Winston Hospital are setting the price for a new outpatient service. Here are relevant data estimates: a. What per visit price must be set for the service to break even? To earn an annual profit of $100,000 ? b. Repeat part a, but assume that the variable cost per visit is $10. c. Return to the data given in the problem. Again repeat part a, but assume that direct fixed costs are $1,000,000. d. Repeat part a assuming both $10 in variable cost and $1,000,000 in direct fixed costs
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