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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)
  1. 19 February, 13:27
    0
    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.
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