Solved: Cost and profit maximization continued, Microeconomics

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Cost and profit maximization continued

Discussion:

Cost and Profit Maximization Continued

In the case discussion that opens, Steve Jobs indicated that Apple would continue to assemble iPhones in China, despite the fact that only a small portion of the cost of an iPhone was labor expense. What was behind Apple's decision? Do you agree with it?

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Microeconomics: Cost and profit maximization continued

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