I. Hospital Administration
Southwest Hospital has an operating room used only for laser eye surgery. The annual cost of rent, heat and electricity for the operating room and its equipment is $1.08 million, and the annual salaries of the people who staff this room total $1.6 million.
The cost for each surgery is $2395, which includes all medical supplies and drugs and a complimentary bouquet of flowers for each patient. In addition, one-quarter of the patients require dark glasses that the hospital provides at no additional charge but cost $20 per pair. The hospital receives a payment of 56000 for each eye operation performed.
In case the advertising agency is being overly optimistic, how many extra operations per month are needed to cover the cost of the proposed ads?
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Chapter 1 Solutions
Mathematical Applications for the Management Life and Social Sciences
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