Bank id 22266 type multiple choice correct of the

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QUESTION:20[QUESTION BANK ID:22266]TYPE:MULTIPLE CHOICECORRECTOf the following types of costs, which is most likely a fixed cost for a shoe manufacturer? A Inventory costsB Cost of the leather used to produce shoesC Electricity costs to run manufacturing equipmentD An NBA player’s lump-sum royalty payment to endorse the shoe
QUESTION:21[QUESTION BANK ID:99082]TYPE:MULTIPLE CHOICECORRECTPage 11 of 15Bisk5/23/2018...
A Shut down (produce nothing)B Produce four unitsC Produce six unitsD Produce as much as possible
QUESTION:22[QUESTION BANK ID:92334]TYPE:MULTIPLE CHOICECORRECTPage 12 of 15Bisk5/23/2018...
A Produce as much as possibleB Shut down (produce nothing)C Produce four unitsD Produce six units
QUESTION:23[QUESTION BANK ID:14147]TYPE:MULTIPLE CHOICECORRECTSuppose that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?
Page 13 of 15Bisk
QUESTION:24[QUESTION BANK ID:92521]TYPE:MULTIPLE CHOICECORRECTWhich of the following will NOT cause the demand curve for turkey meat to shift? A Rising chicken and pork pricesB Recent news indicating cancer-fighting properties of turkey meatC Sudden decrease in priceD ThanksgivingQUESTION:25[QUESTION BANK ID:126057]TYPE:MULTIPLE CHOICECORRECTWhich of the following is the reason for the existence of consumer surplus? A Consumers can purchase goods that they “want” in addition to what they “need”B Consumers can occasionally purchase products for less than their production costC Page 14 of 15Bisk5/23/2018...
Some consumers receive temporary discounts that result in below-market pricesD Some consumers are willing to pay more than the market pricePage 15 of 15Bisk5/23/2018...

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