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Apple Watch retailed for $399 in 2020, and firm was predicted to sell millions of units. The firm's total cost in terms of materials and
Apple Watch retailed for $399 in 2020, and firm was predicted to sell millions of units. The firm's total cost in terms of materials and labor was no more than $84. Thus, Apple's economic value for each watch sold is ______ of dollars with a profit margin of ______ percent.
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