Table 94 Table 94 Lists Estimated Revenues and Costs (Per Week) for Plastic

Table 9.4
$\begin{array}{|c|c|c|c|c|c|c|}\hline \begin{array}{c}\text { Quantity } \\\text { Sold }\end{array} & \begin{array}{c}\text { Price } \\\text { (dollars ) }\end{array} & \begin{array}{c}\text { Total } \\\text { Revenue } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Revenue }\end{array} & \begin{array}{c}\text {Total}\\\text { Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} & \begin{array}{c}\text { Profit } \\\text { (dollars) }\end{array} \\\hline 0 & 10 & 0 & \cdots & 2 & \cdots & -2 \\\hline 1 & 9 & 9 & & 8 & & \\\hline 2 & 8 & 16 & & 13 & & \\\hline 3 & 7 & 21 & & 17 & & \\\hline 4 & 6 & 24 & & 20 & & \\\hline 5 & 5 & 25 & & 22 & & \\\hline 6 & 4 & 24 & & 26 & & \\\hline\end{array}$
Table 9.4 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 9.4.Based on the data in the table,which of the following statements is true?

A) The table summarises Victoria's short-run, rather than long-run, market for plastic vials.
B) Victoria could be either a monopolistically competitive or a perfectly competitive firm.
C) Victoria should shut down temporarily.
D) Victoria should advertise more in order to increase the demand for plastic vials.

Correct Answer:

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