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Consider the Following Linear Mixed-Cost Function: Y = $72,000

Question 133

Multiple Choice

Consider the following linear mixed-cost function: Y = $72,000 + $7.70X
Where: Y = total annual custodial cost
Consider the following linear mixed-cost function: Y = $72,000 + $7.70X Where: Y = total annual custodial cost What does the $7.70 represent? A) variable cost per patient-day B) total variable cost C) fixed cost per patient-day D) total fixed cost What does the $7.70 represent?


A) variable cost per patient-day
B) total variable cost
C) fixed cost per patient-day
D) total fixed cost

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