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Assume that a radiology practice has the following cost structure: Fixed Costs = $400,000 Variable cost per procedure = $30 Furthermore, assume that the group
Assume that a radiology practice has the following cost structure:
Fixed Costs = $400,000 Variable cost per procedure = $30
Furthermore, assume that the group expects to perform 7,000 procedures in the coming year.
- What is the groups underlying cost structure?
- What is the groups expected total variable costs?
- What is the groups expected total costs?
- What is the groups average cost per procedure?
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