Good day, Educators. This is 1 - 5 multiple choice question. Hope you can help me. ?

1. In a purely competitive * 2 puntos market, the firm will take the price established in the industry. The question that the firm must answer is what quantity it will offer in the market. The firm makes this decision based on which of the following criteria? 0 A. Where average total cost is equal to average revenue 0 B. Where the marginal cost is equal to marginal revenue 0 C. Where the industry supply curve is equal to the demand curve D. The firm cannot "decide" where to O produce, this is imposed by the industry equilibrium 2.Economics is best defined as * 2 puntos the study of how people, businesses, governments, and societies 0 A. make choices to cope with scarcity O B. attain wealth. O C. choose abundance over scarcity O D use their infinite resources. 3.Which is the most accurate * 2 puntos definition of the study of economics? Economics is the study of O A) the distribution of surplus goods to those in need. B) affluence in a morally bankrupt world. problem of scarcity. D) the choices we make because of O C) ways to reduce wants to eliminate the O scarcity. 4.Studying the determination of * 2 puntos prices in individual markets is primarily a concern of O A) negative economics. 0 B) microeconomics. O C) positive economics. 0 D) macroeconomics 5.The analysis of the behavior of * 2 puntos individual decision-making units is the definition of O A) microeconomics O B) macroeconomics. O C) positive economics. 0 D) normative economics