The Poster Bed Company believes that its industryr can best be classied as monopolistitally competitive. An analysis of the demand for its canopy bed has resulted in the following estimated demand function for the bed: P = 3,005 10:9 The cost analysis department has estimated the total cost function for the poster bed as 105': g 15:39 +59 + 24,000 Short-run profits are maximized when the level of output is E and the price is . The total prot at this price-output level is . The point price elasticity of demand at the protmaximizing level of output is V The level of xed costs the rm is experiencing on its bed production is . What is the impact of a $5,000 increase in the level ofxed costs on the price charged, output produced, and profit generated? Increase No change Decrease Price Charged O O O Output Produced O O O Prots Generated O O O