Question: 4 points) You are considering a soil sampling campaign in a remote area for a new deposit. You plan on sampling 100 soil location for

4 points) You are considering a soil sampling campaign in a remote area for a new deposit. You plan on sampling 100 soil location for this phase of your exploration strategy. The cost to assay the samples involves transportation rates of $0.10/mile for each box of 10 samples. There are two labs that can assay the samples. Lab A has a fee of $200 per assay and is 500 miles away. Lab B has a fee of $160 per assay and is located 3,000 miles away. a. Which lab (Lab A or Lab B) should you use for your first phase of sampling? Why? b. Which lab (Lab A or Lab B) should you use if you want to double your sampling (200 samples instead of 100)? Why

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!