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

total revenue
marginal revenue
marginal cost
total units produced

User RSabet
by
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2 Answers

4 votes

Answer:

total revenue

Step-by-step explanation:

I just took the test

User Ken Kin
by
7.9k points
3 votes

Answer:

A. total revenue

Step-by-step 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.

User Mudassar Shaheen
by
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