Explain clearly

LRAC. DOLLARS AB. 200 LRAD P MO 200 OUTPUT Complete the following table by indicating whether the firm earns positive, negative, or zero profit in the short run and in the long run when the output price is P. Then, indicate what action the firm should take as a result of this profit level, Short Run Long Run Economic profit ActionThe following graph represents the marginal cost (MC), average expenditure (AE), and average cost (AC) curves for a firm when it has committed to 200 units of capital. Suppose the market price of output is 10 and that the firm is a price-taker. On the graph, use the black point (plus symbol) to indicate the short-run (SR) profit-maximizing level of output. Then use the green rectangle (triangle symbols) to shade the area representing the firm's total revenue. Finally, use the tan rectangle (dash symbols) to shade the area representing the fixed expense. Outputsa Total Revenue DOLLARS AE- 200 Flued Expense MG-200 OUTPUT Based on what you know of the relationship between short run and long run-costs, the firm's long-run average cost curve will look most like on the following graph. LRACI LRAC