Final answer:
The profit for producing and selling 1000 units of a commodity, given the total cost of $4.5 million and total revenue of $5.7 million, is $1.2 million.
Step-by-step explanation:
The student has asked about calculating the profit from the sale of 1000 units of a commodity. The profit on 1000 units of the commodity is determined by subtracting the total costs from the total revenues. In this scenario, the total cost is $4.5 million and the total revenue is $5.7 million. Therefore, the profit can be calculated as follows:
Profit = Total Revenue - Total Costs
Profit = $5.7 million - $4.5 million
Profit = $1.2 million
This calculation shows that the company makes a profit of $1.2 million on the sale of 1000 units.