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a. Calculate the firm's fixed cost. Show your calculations. b. Identify the price and profit maximizing quantity of Good X for Dollar-Daze. c. Calculate the
a. Calculate the firm's fixed cost. Show your calculations. b. Identify the price and profit maximizing quantity of Good X for Dollar-Daze. c. Calculate the economic profit at the quantity identified in part (b). d. As the market for Good X moves into the long-run equilibrium, explain what will happen to the price of Good X and why. e. Assume the cross-price elasticity of demand between Good X and Good B is positive, what will happen to the quantity demanded of Good B given the change in the long-run price of Good X in part (d)
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