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

total revenue

marginal revenue

marginal cost

total units produced

Question

Social Studies

Guest

19 February, 11:48

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

total revenue

marginal revenue

marginal cost

total units produced

+3

Answers (1)

Know the Answer?

Fern · Answer 1

A. total revenue

Explanation:

To calculate profit, producers actually subract their total cost of production from the "Total Revenue" generated.

Mathematically,

Profit = Total Revenue - Total Cost Of Production.

It can also be calculated by subtracting cost price from selling price.

To calculate profit, producers subtract their total production cost from theirtotal revenuemarginal revenuemarginal costtotal units produced

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

total revenue

marginal revenue

marginal cost

total units produced