A new online tutoring service offers help with annoying economics problems. The economics graduates running the website have determined that their cost function is C(y) = 5y2 + 125, where y is the number of students they help. v 1st attempt Part 1 (1 point) The owners want to produce at the lowest possible per-unit cost in order to be as competitive as possible. At what level of output is average total cost minimized? Part 2 (1 point) If this market is competitive in the long run and all firms have similar costs, how much will each student pay for online tutoring