Question

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

total revenue
marginal revenue
marginal cost
total units produced

Answer 1

total revenue

Step-by-step explanation:

I just took the test

Answer 2

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.