If a company generates total revenue of $500,000 and incurs marginal costs of $300,000, what is the company's profit?

To find a company's profit, you need to subtract the total costs from the total revenue. In this case, the total revenue is $500,000. If the marginal costs are $300,000, this means that these are the costs directly associated with producing additional goods or services. To calculate profit, you take the total revenue of $500,000 and subtract the marginal costs of $300,000, which gives you a profit of $200,000. This shows that after covering the costs, the company has earned $200,000 in profit from its operations.