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Question 1: Revenue at a major smartphone manufacturer was $2.3 billion for the nine months ending March an, up 77% over revenues for the same

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Question 1: Revenue at a major smartphone manufacturer was $2.3 billion for the nine months ending March an, up 77% over revenues for the same period last year. Management attributes the increase 1n revenues to a 122% increase in shipments, despite a 38% drop in the average blended selling price of its line of phones. Given this information, 1s it surprising that the company's revenue increased when it decreased the average selling price of its phones? Explain

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