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Assume that Lexington Hospital has fixed costs of $10 million and a variable cost (per inpatient day) rate of $200. What is the total cost
Assume that Lexington Hospital has fixed costs of $10 million and a variable cost (per inpatient day) rate of $200. What is the total cost forecast for a volume of 50,000 patient days?
A) $12.5 million
B) $15 million
C) $17.5 million
D) $20 million
E) $25 million
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