Table 10.4 Table 10.4 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 10.4.What is true at Victoria's profit-maximising output?
A)Profit equals $2.
B)Total revenue equals $24 and total cost equals $20.
C)Total revenue equals $25 and total cost equals $22.
D)Total revenue equals $21 and total cost equals $17.

Question

Table 10.4  Table 10.4 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 10.4.What is true at Victoria's profit-maximising output?
A)Profit equals $2. 
B)Total revenue equals $24 and total cost equals $20. 
C)Total revenue equals $25 and total cost equals $22. 
D)Total revenue equals $21 and total cost equals $17.

Quizplus · Accepted Answer

At Victoria's profit-maximizing output, the difference between total revenue and total cost is maximized, which is indicated by total revenue of $24 and total cost of $20, leading to a profit of $4, not $2 as option A suggests. Options C and D do not match this optimal condition.

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