Can anyone help me with these Economics Questions?

Question

QUESTION 1) For a perfectly competitive firm to maximize profit, any rise in the market wage must be...

A. offset by a decrease in the value of marginal product.

B. followed by an increase in employment.

C. followed by a decrease in the marginal product of labor.

D. followed by an increase in the marginal product of labor.

QUESTION 2) Markets that are characterized by a few sellers who sell similar or identical products are typically referred to as

A. aggressive markets. C. monopoly markets.

B. oligopoly markets. D. competitive markets.

QUESTION 3) Which of the following could decrease labor demand?

A. An increase in migrant workers

B. A decrease in demand for the final product produced by labor

C. A decrease in the labor supply

D. An increase in the marginal productivity of workers.

THANKS!

Answer 1

Q1

D. followed by an increase in the marginal product of labor.

Q2

B. oligopoly markets.

Q3

B. A decrease in demand for the final product produced by labor

Answer 2

Q1

D. followed by an increase in the marginal product of labor.

Q2

B. oligopoly markets.

Q3

B. A decrease in demand for the final product produced by labor.