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To get the amount of net profit, we first deduct the price of the bundle from the total cost of the individual products: $12.00 minus
To get the amount of net profit, we first deduct the price of the bundle from the total cost of the individual products: $12.00 minus $7.00 plus $5.00 = $12.00 minus $12.00, which equals $0.00 in net profit. Bundle Price minus Cost equals $12.00
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
