Hello, can you please help solve these questions. Thank you

A perfectly competitive firm operates in the long run where .....

a.P = MC

b.P = minATC

c.All of the other options are correct

d.ATC = MC

The average product of labour is examined where .......

a.The marginal product if labour is increasing

b.The marginal product if labour is maximised

c.It equals the marginal product of labour

d.Total product is maximised

In a market with two firms, the market demand facing the second firm after the first has decided how much to supply is called the __________ demand

a.Rotated

b.Revolved

c.Residual

d.Resolute

The sort-run supply curve of a perfectly-competitive firm is given by its .....

a.ATC curve above the AVC curve

b.MC curve above the AVC curve

c.MC curve above the ATC curve

d.ATC curve above the AVC curve

The shutdown price occurs at a perfectly competitive firm's ....

a.A minimum ATC

b.Minimum efficient scale

c.Minimum AVC

d.Profit-maximising point

Rent Control created all of these problems except ....

a.A fall in the equality of existing hosing

b.An excess supply of affordable housing

c.A shorting of housing

d.A set of consumers that are prepared to pay above the rent control price

If trade is based exclusively on comparative advantage, the more different countries are ....

a.The smaller the potential gains from the trade

b.The greater the potential gains from trade

c.The more difficult is to find gains from trade

d.The more likely they will avoid trade with each other because of their differences

Which of the following is not a possible barrier to entry in a monopoly market?

a.All of the other options are correct

b.Government regulation

c.Increasing returns to scale

d.Predatory pricing

Two countries will benefit from trading with each other if the terms of trade is _______ the opportunity cost of the two countries

a.Equal to

b.Greater than

c.Between

d.Less than

Industry supply can be calculated by .....

a.Dividing market demand at any given price by the number of firms in the market

b.Summing horizontally the individual firms' supply curves

c.Equating it to industry demand

d.Summing vertically the individual firms' supply curves

Countries that trade according to their competitive advantage ....

a.Result in a zero-sim game where on country's gain is offset by an equal loss by another country

b.Create winners only in the country with the comparative advantage

c.Create losers in the country without the comparative advantage

d.Create winners and losers where the gains in one country more than offset the losses in that country

Monopolistically competitive firms are similar to monopolists in that they .....

a.Have the ability to price discriminate

b.Have some level of pricing water

c.Must break even in the long run

d.Dominate their market

A single-price monopolist faces a demand curve of P = a -bQ. Its marginal revenue curve is given by ....

a.MR = 2a - 2bQ

b.MR = a - 2bQ

c.MR = 2a - 0.5bQ

d.MR = 2a - bQ

Which of the following does not describe an externality?

a.A couple that has a romantic picnic at Mount Royal Park

b.A firm that pollutes the local river system

c.A person who pays to get a seasonal flu shot

d.A person who rides a loud motorcycle through a neighbourhood

Which of the following is not a property of indifference curves?

a.Higher levels of happiness are curves that are further from the origin

b.They have a negative scope

c.They are concave

d.They cannot intersect