A technology website estimated that the cost of materials and components in Apples iPhone XS Max was
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A technology website estimated that the cost of materials and components in Apple’s iPhone XS Max was $453. Apple was selling this phone for $1,249. Can we conclude from this information that Apple was making a profit of about $729 on each of these iPhones? Briefly explain.
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The information provided does not allow us to directly conclude that Apple was making a profit of about 729 on each iPhone XS Max While its clear that ...View the full answer
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