Question: Doctor J. is considering purchasing a new blood analysis machine for $60,000. He estimates that he could charge $80.00 for an office visit to have
Doctor J. is considering purchasing a new blood analysis machine for $60,000. He estimates that he could charge $80.00 for an office visit to have a patient's blood analyzed, while the variable cost of a blood analysis would be $30.00. If this new blood analysis machine has design and effective capacities of 6,000 and 5,000 blood analyses per year, respectively, and Dr. J. expects to be 80% efficient in his use of this machine, how many blood analyses does he plan to perform each year?
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