Table 13-1
Table 13-1 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 13-1.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.

Question

Table 13-1
  Table 13-1 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 13-1.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.

Quizplus · Accepted Answer

The profit-maximizing quantity is where marginal cost equals marginal revenue. At Q = 4, P = $6, this condition is met, maximizing Victoria's profit.

Table 13-1 Table 13-1 Lists Estimated Revenues and Costs (Per