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The following margins are applied along the distribution chain for a 2-litre carton of milk. The farmer's margin is 20%. The dairy producer purchases the
The following margins are applied along the distribution chain for a 2-litre carton of milk. The farmer's margin is 20%. The dairy producer purchases the milk from the farmer and applies their margin of 50%. The retailer purchases the 2-litre cartons of milk from the producer and applies their margin of 80%, then sells it for a retail price of $3. What does it cost the farmer to produce two litres of milk
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