Find the graphs for a perfectly competitive firm. Graphs must include the following specific graphs: Find the graph for short run economic loss for the firm. Find the graph for short run economic profit for the firm. Find the graph for long run – normal profit for the firm. Make sure the graphs show the area of economic profit or loss.

NEED HELP! I am absolutely bad at graphs I need help with A through F and can you please explain.  Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the following situations. For each of these situations show the total revenue, total cost area, and shade the profit or loss area, and if the situation is a shut down state why it should shutdown. a. A perfectly competitive firm showing a profitb. A perfectly competitive firm showing a loss but not a shut-downc. A perfectly competitive firm at a break-even pointd. A monopolist showing a profite. A monopolist showing a loss but not a shut-downf. A monopolist at a break-even pointg. Difference between a monopolist and a perfectly competitive firm for a profit situation on the same graph space.

Question 3 Of 20 Luis and Sarah just purchased a piece of land and a tractor. They plan to start growing and selling organic peas. They have heard that the market for organic peas is perfectly competitive. What does that mean in terms of long-run profit? Firms will earn zero economic profit in the long run. Firms will earn positive economic profits in the long run. Firms will earn zero accounting profit in the long run. Firms will earn negative economic profits in the long run. Luis and Sarah want to know the quantity they should produce to maximize profit. As their economic advisor, you recommend that they O produce until marginal revenue is equal to price. produce as much as possible, regardless of cost. produce until marginal cost is equal to marginal revenue. produce until price falls below the average variable cost.

Identify a perfectly competitive firm