Use the Following to Answer Questions -(Table: Demand for Lenny's Coffee)Use Table: Demand for Lenny's Coffee

question 247

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Demand for Lenny's Coffee }\\\begin{array} { c c } \hline \begin{array} { l } \text { Price } \\\text { of Coffee } \\\text { (per cup) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Coffee } \\\text { Sold (daily cups) }\end{array} \\\hline \$ 10 & 0 \\9 & 1 \\8 & 2 \\7 & 3 \\6 & 4 \\5 & 5 \\4 & 6 \\3 & 7 \\2 & 8 \\1 & 9 \\0 & 10 \\\hline\end{array}\end{array}$$
-(Table: Demand for Lenny's Coffee) Use Table: Demand for Lenny's Coffee.Lenny's Café is the only source of coffee for hundreds of kilometres in any direction.If Lenny's marginal cost of selling coffee is a constant $2,his profit-maximizing level of output is _____ cups at _____ per cup.

• A) 4;$6
• B) 8;$3
• C) 5;$5
• D) 3;$7

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Definitions:

Western Atlantic Trade

A historical trading network across the Atlantic Ocean, primarily involving European countries and their American and African colonies, facilitating the exchange of goods, slaves, and resources from the 16th to the 19th centuries.

Spanish Conquistadors

Explorers and soldiers from Spain who, during the 16th century, conquered large portions of the Americas, including the Aztec and Inca empires.

Indian Resistance

Efforts by Native American peoples to resist European colonization, the encroachment on their lands, and the loss of their cultures, particularly from the 16th to the 19th centuries.

Franciscan's Success

Refers to the achievements and impact of the Franciscan order, a Roman Catholic religious group, in their various missions, charitable works, and contributions to society and religion.