to calculate profit, producers subtract their total production cost from their total revenue marginal…

to calculate profit, producers subtract their total production cost from their total revenue marginal revenue marginal cost total units produced

to calculate profit, producers subtract their total production cost from their total revenue marginal revenue marginal cost total units produced

Answer

Brief Explanations:

Profit is calculated by the formula: Profit = Total Revenue - Total Production Cost. Total revenue is the total amount of money received from selling goods or services, and subtracting total production cost from it gives profit. Marginal revenue and marginal cost are related to changes in revenue and cost with additional units, and total units produced is not used in the basic profit - calculation formula.

Answer:

total revenue