consider the data in the table below for three independent health services organ

Question

consider the data in the table below for three independent health services organization

    REVENUES      TOTAL VARIABLE COSTS       FIXED COSTS           TOTAL COSTS                      PROFIT

A) 2,000                    1,,400                                        ?                                  2,000                                       ?

b) ?                            1,000                                        ?                                1,600                                    2,400

c) 4,000                     ?                                            600                              ?                                       400

Explanation / Answer

A) Fixed costs = 600( 2000 - 1400 ), profit = 0 ( 2000 - 2000 )

B) Fixed Costs = 600( 1600 - 1000 ), revenue = 4000 ( 2400 + 1600 )

C) Total Costs = 3600( 4000 - 400 ), variable costs = 3000 ( 3600 - 600 )

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