Sppose a firm has marginal costs given by mcy 12 y2 - 2y
Suppose a firm has marginal costs given by MC(y) = 1/2 y^2 - 2y + 2y + 3 and fixed costs given by FC = 10.
(a) Find the firm's optimal level of output when p = 9.
(b) Find the firm's optimal level of output when p = 1.
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