Question: 1 5 points A retailer sells 1 , 0 0 0 , 0 0 0 bags of its own brand chips at a price of

15 points
A retailer sells 1,000,000 bags of its own brand chips at a price of $5. It wants to lower its price to $4 so that it can sell 50% more bags but it does not want to lower its profit. What should be its variable cost so that its profits are not lowered? $ type your answer...
15 points A retailer sells 1,000,000 bags of its own brand

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