What is the maximum amount of profit that the firm below could generate? 
Definitions:
Replacement Rate
In economics, the ratio of a person's retirement income to their pre-retirement income, often focused on social security benefits.
Populations
Groups of individuals of the same species living and interacting within a specific area.
Total Demand
The entire quantity of a good or service that all consumers in a market are willing and able to purchase at a given price over a specific time period.
Commodity Resources
Natural resources or goods that are considered valuable in their natural form, such as oil, gold, and agricultural products.
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