A coal producer has the following total cost function:
where Q is tons of coal produced per month. Calculate the firm's maximum profit if coal price is stable at $20/ton.© BrainMass Inc. brainmass.com October 10, 2019, 1:29 am ad1c9bdddf
Since price is stable at $20/ton,
Marginal Revenue (MR)=Price=$20
Solution depicts the steps to calculate maximum profit made by a coal producer in the given case.