The Megabuck Hospital Corp. is to build a state-subsidizednursing home catering to homeless patients as well as high-incomepatients. State regulations require that every subsidized nursinghome must house a minimum of 760 homeless patients and no more than900 high-income patients in order to qualify for state subsidies.The overall capacity of the hospital is to be 2,100 patients. Theboard of directors, under pressure from a neighborhood group,insists that the number of homeless patients should not exceedtwice the number of high-income patients. Due to the state subsidy,the hospital will make an average profit of $9,500 per month forevery homeless patient it houses, whereas the profit perhigh-income patient is estimated at $8,000 per month. How many ofeach type of patient should it house in order to maximizeprofit?
high-income patients homeless patients profit $
The Megabuck Hospital Corp. is to build a state-subsidizednursing home catering to homeless patients as well as high-incomepatients. State regulations require that every subsidized nursinghome must house a minimum of 760 homeless patients and no more than900 high-income patients in order to qualify for state subsidies.The overall capacity of the hospital is to be 2,100 patients. Theboard of directors, under pressure from a neighborhood group,insists that the number of homeless patients should not exceedtwice the number of high-income patients. Due to the state subsidy,the hospital will make an average profit of $9,500 per month forevery homeless patient it houses, whereas the profit perhigh-income patient is estimated at $8,000 per month. How many ofeach type of patient should it house in order to maximizeprofit?
| high-income patients | ||
| homeless patients | ||
| profit | $ |
Related questions
If an insurer incorrectly estimates an insured person'spremium
, then the insurer will suffer a financial loss.
can appeal to the state insurance commissioner for asubsidy.
will drop people whose medical expenses exceed theirpremium.
None of the above
Medicare Part B (physician and outpatient services) is financedby
a premium that is 75 percent subsidized by the government and 25percent subsidized by the aged. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a payroll tax on both the employee and the employer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a premium that is 100 percent subsidized by the government. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| both a subsidized premium and a payroll tax The diagnosis-related group hospital payment system changedhospital incentives by making it more profitable to
|
