To calculate profit, producers subtract their total production cost from their

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Mallory Mcgrath

10 July, 21:38

To calculate profit, producers subtract their total production cost from their

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Doodles · Answer 1

To calculate profit, producers subtract their total production cost from their total revenue. It is the total income of a business and is calculated by multiplying a quantity goods sold by the price of the goods. Total revenue in finance refers to the total receipts from sales of a given capacity of goods or services.