Output (Number of Tests Per Hour)

Machine Y Employed
3	171	195	475
2	123	155	170
1	75	102	129
	1	2	3

Machine X Employed

1. A medical testing lab uses two types of equipment to conduct tests for triglyceride levels found in a patient's blood.Machine type X is leased for $95/hour.Machine type Y is leased for $160/hour.The lab charges consumers $20.00 per test. The production table for the lab is shown above. Use it to answer the following:

a. Beginning at (X=1, Y=1), calculate MP_X and MP_Y.

b. Test for a least cost combination of inputs.Which equipment type is more cost-efficient, X or Y?

c. Test for a profit maximizing combination of inputs.What do you conclude about machine usage from this test?

d. Is the process for conducting medical tests best described as a discrete production process or continuous production process?