Question: This is a two part question. In the optional reading, How much does it cost Apple to make an iPhone? You are given the

This is a two part question. In the optional reading, How much does it cost Apple to make an iPhone? You are given the following information (when answering the question you must show your work): iPhone 11 Pro Max Parts cost per iPhone = $490.50 R&D Costs per iPhone = $190.50 Price of iPhone (without trade-in) = $1,099 Respond to the following: 1. If Apple sold 100,000 iPhone 11 Pro Max phones in 2019, what is the total revenue? 2. If Apple sold 100,000 iPhone 11 Pro Max phones in 2019, what is the expected Income?

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