[Answer] To calculate profit producers subtract their total production cost from their _____

Answer: total revenue

Most relevant text from all around the web:

To calculate profit producers subtract their total production cost from their _____ Net profit : To calculate net profit for a venture (such as a company division or project) subtract all costs including a fair share of total corporate overheads from the gross revenues or turnover. Net profit = sales revenue − total costs . Net profit is a measure of the fundamental profitability of the venture. Gross profit = net sales – cost of goods sold Gross profit percentage = [(net sales – cost of goods sold)/net sales] × 100%. Operating profit = gross profit – total operating expenses Net income = operating profit – taxes – interest Production is a process of combining various material inputs and immaterial inputs (plans know-how) in order to make something for consumption (output). It is the act of creating an output a good or service which has value and contributes to the utility of individuals. The area of economics that focuses on production is referred to as production theory which in many respects is similar to ... In economics profit maximization is the short run or long run process by which a firm may determine the price input and output levels that lead to the highest profit . Neoclassical economics currently the mainstream approach to microeconomics usually models the firm as maximizing profit .. There are several perspectives one can take on this problem. First since profit equals revenue minus ... Consumption of fixed capital (CFC) is a term used in business accounts tax assessments and national accounts for depreciation of fixed assets. CFC is used in preference to "depreciation" to emphasize that fixed capital is used up in the process of generating new output and because unlike depreciation it is not valued at historic cost but at current market value (so-called "economic ... Markup (o...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment