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maw [93]
3 years ago
13

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

Social Studies
1 answer:
skelet666 [1.2K]3 years ago
6 0

Answer:

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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