To calculate profit, producers subtract total costs from total income.
This is a basic premise of cost theory. Total revenue is obtained by multiplying the price by the quantity sold. The total cost is the multiplication of the cost of each unit by the quantity.
Profit is the decrease in revenue by cost.
The correct answer is C. to take on the Spanish fleet at Manila Bay.
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For Germany the Treaty of Versailles meant harsh "reparations", a diminished land holding, and war guilt, since almost every nation blamed Germany for the outbreak of war. These reparations, however, proved to do more harm than good, since they humiliated Germany and made Germans far more aggressive in re-building their military and beginning World War II.
The separation of powers allows no one branch of government to have too much power over another.
