A medical laboratory is considering two methods to perform complete blood count (CBC) analyses on blood samples. Method 2 requires more expensive equipment but has lower labor cost per CBC analysis. The costs for each method are as follows:

Method Monthly Fixed Cost Variable Cost / Blood Sample

1 30000 25

2 60000 15

Below how many CBC analyses, will method 1 have the least total cost?

Answer rating: 100% (QA)

To find the point at which Method 1 has the least total cost compared to Method 2 we need ... View the full answer