Question 21 (1 point) Listen The law of supply implies supply curves are always vertical. downward-sloping. upward-sloping. always linear.Question 23 (1 point) Listen When the quantity produced is zero, Oall costs will be zero. total cost equals total variable cost. total cost equals total fixed cost. total variable cost equals total fixed cost.Question 20 (1 point) ) Listen Supply is represented graphically by a single point on a supply curve, associated with a particular price. shown graphically by a downward-sloping curve. dependent upon demand. represented graphically by the entire supply curve.Question 25 (1 point) Listen MJM Products, Inc., designs and sells flannel jackets. The company is willing to sell a men's flannel jacket for as little as $65. Its main competitor is RL Outriggers, which is willing to sell the same men's flannel jacket for as little as $50. The current market price of that type of jacket is $85. What is the total producer surplus for the two firms? Your Answer: AnswerQuestion 24 (1 point) Listen All of the following are examples of inputs to production except technology. entrepreneurship. O workers. government subsidies.Question 22 (1 point) Listen The price elasticity of supply O is always positive because prices and quantity supplied always move in the same direction. O is always negative because prices and quantity supplied always move in the same direction. O is always positive because prices and quantity supplied always move in the opposite direction. O is always negative because prices and quantity supplied always move in the opposite direction.Question 24 (1 point) Listen All of the following are examples of inputs to production except technology. entrepreneurship. O workers. government subsidies