Exercise14.11

The current cost function for a lab that evaluates pap smears is C = 200,000 + 25 +x Q.Q, the annual volume of tests, is forecast to be 30,000. The incremental cost is $25 because each evaluation requires $20 worth of a technician’s time and $5 worth of supplies. Calculate the average cost of an evaluation.

Answer rating: 100% (QA)

Cost20000025QX Q30000 X25 C20... View the full answer