Question: If the cost function for Johns shoe Repair is C(q) = 100 + 10q q2 + 3 , and its marginal cost function is

If the cost function for John’s shoe Repair is C(q) = 100 + 10q – q2 + 3 , and its marginal cost function is MC = 10 – 2q + q2, what is its profit-maximizing condition given that the market price is p?

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