The Richard's Company produces an undifferentiated product in a single plant in a highly competitive market. The price is determined by market factors like demand and supply and therefore given. The current market price of the product is $70 per ton and Richard's Company does not expect it to change in the foreseeable future. Assume that Richard's Company cost function is equal to TC = 450 - 10Q +2Q2 and represents cost per day while Q represents the daily volume of output.

What will be the total revenue at the profit maximizing level of output?