What quantity will the firm produce to maximize profits

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A firm is operating in a competitive market. The firm has a cost function C(Y)=2Y^2+2 and marginal cost MC=4Y. If the price is $20. a)what will the maximum profit be? b) If the inverse demand is given by P=30-Y, what quantity will the firm produce to maximize profits?

Reference no: EM13218576

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