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Economics

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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709728

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