Step 1: Excess Pressure:
For a soap bubble, \(\Delta P=\dfrac{4T}r\), so \(r\propto\dfrac1{\Delta P}\).
Step 2: Compute:
\(\Delta P_A=1.02-1=0.02\) atm and \(\Delta P_B=1.04-1=0.04\) atm. So \(\dfrac{r_A}{r_B}=\dfrac{0.04}{0.02}=2\).
Step 3: Volume Ratio:
\[ \frac{V_A}{V_B}=\left(\frac{r_A}{r_B}\right)^3=2^3=8 \]
Step 4: Check the Options:
Option (A) \(1:8\) is the inverse. Options (C) and (D) correspond to ratios of 4 and 1/4, which would need a radius ratio of \(4^{1/3}\), not 2. So (B) is correct.
Final Answer:
The volume ratio is \(8:1\), option (B).
\[ \boxed{\text{(B) } 8:1} \]