Answer these questions please

Question 1: Figure 1 shows the AVC, ATC, AFC, and MC curves for a firm. a) Correctly label each curve based on the properties of the cost measures. b) Highlight and label the firm's (inverse) short-run supply curve on the figure. c) If the firm faces a price of $50, how much will they supply in the short run? How much will they supply in the long-run? d) If the firm faces a price of $70, how much will they supply in the short run? How much will they supply in the long-run? Figure 1: Firm Cost Functions Cost 95 -90 85 80 -75 70 10 15 20 30 35 40 45 50 55 60 65 70 75 80 85 90 100 105 110 115 120 125