Table Q TR TC TVC ATC AVC TFC AFC PQ: Quantity; TR: Total Revenue; TC: Total Cost; TVC: Total Variable Cost; ATC:Average Total Cost; AVC: Average Variable Cost; TFC: Total Fixed Cost; AFC:Average Fixed Cost; P: Price.A Complete the Table B A perfectly competitive firm currently faces conditions shown in Table At itscurrent level of production, the AVC Average Variable Cost of the firm isminimized, suggesting that its MC Marginal Cost equals its AVC Average VariableCost Is the firm maximizing its profit? Explain why.CIf you were the consultant hired by the firm, how would you suggest the firmmanager to do in the short run? Explain why? A graphical analysis is required.