Doctor J. is considering purchasing a new blood analysis machine to test for HIV

Question

Doctor J. is considering purchasing a new blood analysis machine to test for HIV; it will cost $10,000. He estimates that he could charge $150.00 for an office visit to have a patient's blood analyzed, while the actual cost of a blood analysis would be S10.00. a) b) c) How many HIV blood analyses would he have to perform in order to break even? What would be his profit if he were to perform 6,000 HIV blood analyses? How many HIV blood analyses would he have to perform in order to make a profit of $35,000?

Explanation / Answer

a)

let x be number of blood samples analyzed

=>

revenue - costs =0

=>

x*(150-10) - 10000 =0

=>

x = 72

b)

profit . = 6000 *(150-10) - 10000

= 830000

c)

x*(150-10) - 10000 = 35000

x = 322 samples

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.