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The cost of patient-days for a small town hospital is listed below. Answer the following questions. Cost Formula: y = $0.894x + $2,931 i) What

The cost of patient-days for a small town hospital is listed below. Answer the following questions.


Cost Formula: y = $0.894x + $2,931


i) What is the variable cost? __________

ii) What is the fixed cost? _________

iii) What does x represent? ___________

iv) What does y represent? ___________

v) Whatistheexpectedcostfor47patient-days? (round to 2 decimal places) _________

vi) How many patient-days were there if the total cost was $3,021.29? (round to the nearest day) ________


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