Find the firm optimal level of output

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Reference no: EM131805684

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.

Reference no: EM131805684

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