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Table 104 Table 10

Question 98

Multiple Choice

Table 10.4 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.Victoria's profit-maximising output is where A) total profit equals $3. B) marginal revenue and marginal cost both equal $4. C) marginal revenue and marginal cost both equal $3. D) marginal cost is at its minimum value. 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.Victoria's profit-maximising output is where


A) total profit equals $3.
B) marginal revenue and marginal cost both equal $4.
C) marginal revenue and marginal cost both equal $3.
D) marginal cost is at its minimum value.

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