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ABCD Labs is owned by a radiologist (i.e., a profit-maximizing organization) and produces X-rays. Assume ABCD Lab's revenue comes from patient services (i.e., it has
ABCD Labs is owned by a radiologist (i.e., a profit-maximizing organization) and produces X-rays. Assume ABCD Lab's revenue comes from patient services (i.e., it has no revenue from non-patient sources). ABCD Labs is a price taker, and each test's market price is $34. Every month the lab spends on rent ($16) and opportunity cost ($14). 55. A) What is the total cost for ABCD Labs? Please show your work
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