Question
#7. Allied Laboratories is combing some of its most common tests into one-price packages. One such package will contain three tests that have the following
#7. Allied Laboratories is combing some of its most common tests into one-price packages. One such package will contain three tests that have the following variable costs:
Test A | Test B | Test C | |
Disposable Syringe | $3.00 | $3.00 | $3.00 |
Blood Vial | $0.50 | $0.50 | $0.50 |
Forms | $0.15 | $0.15 | $0.15 |
Reagents | $0.80 | $0.60 | $1.20 |
Sterile Bandages | $0.10 | $0.10 | $0.10 |
Breakage/losses | $0.05 | $0.05 | $0.05 |
When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for breakage/losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents from all three tests are required).
Assuming marginal cost pricing, what is the cost of the combined test?
Choice: $3.00
Choice: $4.50
Choice: $5.30
Choice: $6.90
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