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Mathematics, 28.08.2020 01:01 kayla114035
In 2007, the first generation of the i-phone sold for $499. The average cost of an i-phone today is $999. At a press conference just outside a telephone museum in Cle Elum, WA, the CEO of Apple, Tim Cook, stated that the rise in cost is purely due to inflation. Use the Consumer Price Index to either verify or falsify Cooks’s statement. Is he wrong?
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In 2007, the first generation of the i-phone sold for $499. The average cost of an i-phone today is...
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