Answer please

1) What are the characteristics of a competitive market? Select 2 correct answer(s) a)resource allocation is efficient b) price regulation c)marginal benefits equals margin cost d)subsidies 2) Under production is a result of a) Competitive market b) a situation when a firm cut production c) a situation when the quantity produced exceeds the efficient quantity d) a resource allocation is efficient 3) Marginal product a) Is the change in total production that result from a one-unit increase in the quality of labor employed b) is the total quantityof a good produced in a given period c) is the total product pre worker d)is productivity 4) Total cost a) Is a cost paid in money b)equals economic profit c)equals economic profit d)equals total revenue