What would be his profit if he were to perform 5,000 blood analyses?

Question

Quizplus · Accepted Answer

Since the cost of a blood analysis is $38 and he performs 5,000 analyses, his total revenue would be:

$38/analysis x 5,000 analyses = $190,000

His profit would be his revenue minus his total costs, which includes the cost per analysis as well as any other overhead expenses. Since we don't have any information on his overhead expenses, we can't say for certain what his profit would be. However, the closest answer choice to his revenue of $190,000 is C, $190,000.

What Would Be His Profit If He Were to Perform