Consider the Following Linear Mixed-Cost Function:
Y = $120,000 $\quad Y =$

question 5

Multiple Choice

Consider the following linear mixed-cost function:
Y = $120,000 + $2.70X
Where: $\quad Y =$ total annual maintenance cost
$X =$ mumber of patient-days
What does the $120,000 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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Definitions:

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The percentage at which individuals or businesses within a state are taxed by the state government.

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The Federal Insurance Contributions Act; a U.S. law that requires a deduction from paychecks to fund Social Security and Medicare benefits.

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The Old-Age, Survivors, and Disability Insurance program, part of the U.S. Social Security system, providing benefits to eligible retirees, their families, and the disabled.

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A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.