pls pick the correct answer

Question 2 2.5 pts Astrawberry farmer, operating in a perfectly competitive market, is currently producing 99 packs of strawberries. The market price for a pack of strawberries is $6 a pack. The marginal cost of producing one more pack for the farmer is $5. What is the marginal revenue the farmer will receive from producing his 100th pack of strawberries? (Hint: If you aren't sure what marginal revenue means, look it up before choosing an answer) 0 $100 0 $1 0 $6 0 $0.06 Question 3 2.5 pts When looking at the cost curves for a rm operating in a perfectly competitive market, which best describes the short run prot maximizing output? 0 Where the market price equals ATC [as long as it is above the shutdown point) 0 Where ATC meets MC 0 Where the market price equals MC (as long as it is above the shutdown point) 0 Where AVC meets MC Question 4 2.5 pts If the market price is above ATC at the prot maximizing output for a rm competing in a perfectly competitive market, what do we know about the rms short run prot? 0 They are making zero economic prot in the short run 0 They are facing short run losses 0 They should be increasing production to make more prot ('1 Thev are making nnsil-ive economic nrnt in the short run Question 5 2.5 pts When looking at the cost curves for a rm operating in a perfectly competitive market, where do you nd the shutdown point in the short run? 0 At the minimum of MC 0 Where MC hits ATC 0 At the minimum ofAVC 0 At the minimum ofATC Question 6 2.5 pts If rms in a perfectly competitive market are making positive economic prot in the short run. what do we expect to happen as the rm transitions to the long run? 0 All of these answers are expected 0 The market price goes down 0 The existing rms' prots go down 0 New rms enter the market Question 7 2.5 pts Which best describes the long run equilibrium prot situation for rms in a perfectly competitive market? 0 Firms may make positive economic prot, but the make negative or zero accounting prot in the long run. 0 Firms make zero economic prot in the long run. 0 Firms make positive economic prot in the long run, otherwise they would not be in business. 0 Firms make losses in the long run because there is too much competition in perfectly competitive markets. Question 8 At their long run equilibrium do firms in perfectly competitive markets display efficiency? O They are allocation efficient, but they are not productive efficient. O They are productive efficient, but they are not allocation efficient O They are both productive efficient and allocation efficient O They are neither productive efficient nor allocation efficientQuestion 9 2 pts While rms in perfect competition maximize prot by producing at a quantity where the marginal cost of producing another unit of a good is equal the the marginal revenue from producing another unit, monopoly rms will maximize prot by producing at a quantity where marginal cost of producing another unit is equal to ___ O the price of the good 0 the average total cost 0 the marginal revenue (the same as perfect competition) 0 the marginal prot Question 10 2 pts Since a monopolist must lower the price of all units in order to sell additional units of a good. What must be true about the relationship between the price of the good and the marginal revenue when a monopolist faces a downward sloping demand curve. 0 The marginal revenue is always higher than the price 0 The marginal revenue does not exist. 0 The marginal revenue is always lower than the price 0 The marginal revenue is always the same as the price