If you can, explain which one you took in order to understand the material. 1.A company in perfect competition has an ec

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If you can, explain which one you took in order to understand
the material.
1.A company in perfect competition has an economic loss
when:
a. Marginal revenue is less than marginal cost.
b. The price is greater than the total cost per unit.
C. The price is less than the total cost per unit.
d. The price is greater than the variable cost per unit.
2. If the company is producing exactly at its closing point, is
it:
a. Covering all your costs.
b. Covering all fixed costs only.
c. Covering all variable costs only.
3.An example of a compensatory salary difference is:
a. When a person who cleans windows in a 40-story building is
paid more
b. When a person with more experience is paid more
c. When a person is paid more because they are Hispanic
d. None of the above
4. A strike is:
a. Means of pressuring the employer to grant what the union
demands,
b. Means of pressuring the union to negotiate
c. Legal
d. All of the above