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Negative number means less profits

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A valley hospital has just increased its lab fee from $49 to $59. As a result, the volume for the lab tests has decreased from 1,921 to 857. If the average cost of the test is $13, how much more or less profits will the hospital make after the price change? (hint: for your answer, a positive number means more profits whereas a negative number means less profits)

Reference no: EM131433789

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