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24 September, 01:42

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

total revenue

marginal revenue

marginal cost

total units produced

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Answers (1)
  1. 24 September, 01:56
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    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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