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Calculating maximum profit made by a coal producer A coal producer has the following total cost func

Calculating maximum profit made by a coal producer

A coal producer has the following total cost function:

 

TC=$187,500+$5Q+$00003Q^2

 

where Q is tons of coal produced per month Calculate the
firm’s maximum profit if coal price is stable at $20/ton

 

Apr 24 2020 View more View Less

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