Can you please help me with this assignment? Can you please use simple terms when explaining? Thank you!

Perfect Competition Use the graph to questions 1-6. Show any work. MC ATC AVC $5.00 8 d D=AR=MR $4.00 h $2.50 i 500 Q 1. Based on the level of output being produced, is this firm maximizing profit? What is the dollar value of the profit being earned by the firm? Use the lettering on the graph to identify the area of profit. 2. How does the demand curve let you know this is a firm operating in perfect competition? What is the significance of Point E? 4. What is the significance of Point F? 5. How much additional cost did the 500th unit add to total cost? How do you know? 6. Explain how the market will adjust to return this firm to long run equilibrium. Be sure to discuss the changes that occur in the market and at the firm. Use the graph below to answer questions 7-9.Perfect Competition ATC AVC DEAR=MR 1,000 7. Calculate the dollar value of the loss this firm is experiencing. 8. Apply the shutdown rule to this firm. Should it shut down or continue to operate? Explain. 9. Explain how this industry will adjust to restore long run equilibrium. Be sure to identify the changes that will occur in the market and at the firm. Use the graph below to answer questions 10-12. TC /TR Quantity 10. Highlight the areas of loss for the firm. 11. What is the significance of Point A and Point B? 12. What does the area between point A and point B represent? 13. Suppose the government imposes an excise tax on the production of a good produced in a perfectly competitive market that was in long run equilibrium. Draw side by side market and firm graphs showing the short run impact on the firm and the market