Determine how many units of x will zcorp buy

Reference no: EM13203240

Assume ZCorp has the following short run production function:

Q = 500X - 2X2

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: EM13203240

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