Calculate the average or incremental costs of a blood draw

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Reference no: EM13191415

It takes a phlebotomist 15 minutes to complete a blood draw. The supplies for each draw cost $4, and the phlebotomist earns $20 per hour. The phlebotomy lab is designed to accommodate 20,000 draws per year.

What are the average and incremental costs of a blood draw when the volume is 20,000? 10,000?

What principle does your calculation illustrate?

Reference no: EM13191415

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