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

A retailer sells 1,000,000 bags of its own brand chips at a price of $5It 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?

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