Beer Is a Brewed and Fermented Beverage Made from ________

question 51

Multiple Choice

Beer is a brewed and fermented beverage made from ________ and flavored with ________.

• A)yeast; barley
• B)grapes; fruit
• C)hops; grains and wheat
• D)malted barley, starchy cereals; hops

---

Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at different price levels.

Plant Capacities

The maximum amount of products or services that a facility can produce over a given period of time under normal operating conditions.

Total Fixed Costs

The total of all expenses that stay the same, no matter the amount of goods or services produced by a company.

Inputs Variability

Inputs Variability refers to the fluctuations or variations in the factors of production used by firms in the production process, which can affect output levels and costs.