What is the incremental cost and the average cost

Assignment Help Business Economics

Reference no: EM131171125

A MRI technician takes 45 minutes to complete a MRI. Each MRI costs $66 in supplies, and the technician earns $38 per hour. The rent of the machine is $840,000 per year. What is the incremental cost and the average cost of a MRI when the monthly volume is 260 MRIs?

Reference no: EM131171125

Questions Cloud

Explain roles of the stakeholder affected by financial issue : Explain the roles of the stakeholders affected by the financial issue. Explain the factors contributing to rising health care costs related to the financial issue. Identify legislation that affects the financial issue.

Could zara formula for success be suitable for companies : Are there similarities between Zara Dells and Myers formula for success and could this be suitable for other companies and if so explain why, if not explain why?

Example of metacommunication used to balance power : Which of the following is NOT an example of metacommunication used to balance power? Which of the following statements is NOT consistent with Wilmot and Hocker's description of competitive power

What is the incremental cost and the average cost : A MRI technician takes 45 minutes to complete a MRI. Each MRI costs $66 in supplies, and the technician earns $38 per hour. The rent of the machine is $840,000 per year. What is the incremental cost and the average cost of a MRI when the monthly v..

Calculate the nominal value of the source counting rate : Calculate the nominal value of the source counting rate and the uncertainty in the rate. Apply Chauvenet's criterion to eliminate some of the data if necessary. Assume that the Poisson distribution applies.

Find and explain the rate of return in monetary equilibrium : Consider an economy with a shrinking stock of fiat money. Let Nt=N. a constant, and Mt=zMt-1 for every period t, where z is positive and less than 1. The government taxes each old person t goods in each period, payable in fiat money. it destroys the ..

Summarize two key points about the time value of money : From the third e-Activity, summarize two key points about the time value of money and the manner in which you can personally apply it to your own financial planning.

Determine his consumer surplus : Andy’s monthly demand (in number of bars) for “Clif Builder’s” protein bars is given by Q = 8 – 2P + (I – T)/1000, where I is Andy's monthly income, T is his monthly income tax expense and P is the price of Clif bars. Suppose the price of Clif bars i..

User Account

All Pages