Foundations of Macroeconomics ch 2 - Buzz Surrounds Apple

Feb 3rd, 2012
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Liberty University
Course: econ
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• Why doesn’t Apple manufacture the iPhone at its own factory in the United States? Apple wants to manufacture the iPhone at the lowest possible cost. It would be more expensive for Apple to manufacture the iPhone at its own factory in the United States because Apple does not have the expertise possessed by its subcontractors and because the wages Apple would need to pay U.S. workers exceed the wages its subcontractors need to pay their workers.

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