Computing optimal level of input required

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Reference no: EM1371940

Suppose ZCorp has the following short run production function
Q = 50X - 2X^2
where X is the only variable input used by ZCorp to product its product, Q.

Because ZCorp sells its product in a perfectly competitive market, it can sell all the Q it produces for $25. The current market price for input X is $100.

How many units of X will ZCorp buy?

Reference no: EM1371940

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