Qwicks Solutions is a consulting firm that offers engineering services at the price of $1,000 per hour. The cost of the management personnel, workspace, and equipment needed to provide such services totals $1,000,000 per year. The engineers performing the services are paid $475 per hour. What is the breakeven number of service hours for this company?
Qwicks Solutions is a consulting firm that offers engineering services at the price of $1,000 per hour. The cost of the management personnel, workspace, and equipment needed to provide such services totals $1,000,000 per year. The engineers performing the services are paid $475 per hour. What is the breakeven number of service hours for this company?
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
Problem 7QAP
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Transcribed Image Text:Qwicks Solutions is a consulting firm that offers engineering services at the price of $1,000 per hour.
The cost of the management personnel, workspace, and equipment needed to provide such services
totals $1,000,000 per year. The engineers performing the services are paid $475 per hour. What is the
breakeven number of service hours for this company?
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