Dr. Gulakowicz is an orthodontist. She estimates that adding two new chairs will increase fixed costs by $ 145 comma 000$145,000​, including the annual equivalent cost of the capital investment and the salary of one more technician. Each new patient is expected to bring in $ 3 comma 010$3,010 per year in additional​ revenue, with variable costs estimated at $ 970$970 per patient. The two new chairs will allow Dr. Gulakowicz to expand her practice by as many as 190190 patients annually. How many patients would have to be added for the new process to break​ even?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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Dr. Gulakowicz is an orthodontist. She estimates that adding two new chairs will increase fixed costs by

$ 145 comma 000$145,000​,

including the annual equivalent cost of the capital investment and the salary of one more technician. Each new patient is expected to bring in

$ 3 comma 010$3,010

per year in additional​ revenue, with variable costs estimated at

$ 970$970

per patient. The two new chairs will allow Dr. Gulakowicz to expand her practice by as many as

190190

patients annually. How many patients would have to be added for the new process to break​ even? 

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