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Doctor J Is Considering Purchasing a New Blood Analysis Machine to to Test

question 36

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Doctor J. is considering purchasing a new blood analysis machine to test for HIV; it will cost $60,000. He estimates that he could charge $25.00 for an office visit to have a patient's blood analyzed, while the actual cost of a blood analysis would be $5.00. If this new blood analysis machine has design and effective capacities of 6,000 and 5,000 blood analyses per year, respectively, and Dr. J. expects to perform 4,500 HIV blood analyses each year, what will be the utilization of this machine?


Definitions:

Procedural Interests

Concerns of negotiating parties related to the process of how decisions are made, as opposed to the actual outcomes of those decisions.

Equitable

Characterized by fairness and impartiality, ensuring that an agreement or decision is just and reasonable for all parties involved.

Implementable

Capable of being put into effect or action; feasible.

Needs

Essential or very important requirements necessary for people to live or succeed.

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