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

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Ariel Roy

8 March, 10:31

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

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Chaim Ferguson · Answer 1

To calculate profit, producers subtract their total production cost from their total revenue. It is the total income of a business and is calculated by multiplying a quantity goods sold by the price of the goods. Total revenue in finance refers to the total receipts from sales of a given capacity of goods or services.