Table 11-4 Table 11-4 Lists Estimated Revenues and Costs (Per Week)for Plastic

question 312

Multiple Choice

Table 11-4
$\begin{array}{|c|r|c|c|c|c|c|}\hline \text { Quantity } & & \text { Total } & \text { Marginal } & \text { Total }& \text { Marginal }\\ \text { Sold } & \text { Price } & \text { Revenue } & \text { Revenue } & \text { Cost } & \text { Cost } & \text { Profit } \\\hline 0 & \$ 10 & \$ 0 & \ldots & \$ 2 & \ldots & -\$ 2 \\\hline 1 & 9 & 9 & & 8 & & \\\hline 2 & 8 & 16 & & 13 & & \\\hline 3 & 7 & 21 & & 17 & & \\\hline 4 & 6 & 24 & & 20 & & \\\hline 5 & 5 & 25 & & 22 & & \\\hline 6 & 4 & 24 & & 26 & &\\\hline\end{array}$
Table 11-4 lists estimated revenues and costs (per week) for plastic vials (100 vials per box) for the Victoria Biological Supplies Company.Victoria sells plastic vials to university and private research laboratories.
-Refer to Table 11-4.Victoria's profit-maximizing quantity sold (Q) and price (P) are:

• A)Q = 3; P = $7.
• B)Q = 4; P = $6.
• C)Q = 5; P = $5.
• D)Q = 6; P = $4.

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