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A competitive firm produces output using three fixed factors and one variable factor The firm's short-run production function is

A competitive firm produces output using three fixed factors and one variable factor. The firm's short-run production function is q=305x - 2x^2, where x is the amount of variable factor used. The price of the output is $2 per unit and the price of the variable factor is $10 per unit. In the short run, how many units of x should the firm use?

Apr 26 2020 View more View Less

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