Consider the production cost information for Santiago's Salsa given below. Santiago's Salsa Production Costs April 2020 Production - Jars of salsa Ingredient cost (variable) Labor cost (variable) Rent (fixed) Depreciation (fixed) Other (fixed) Total 25,000 $20,000 12,000 5,000 6,000 1,000 $44,000 The company is currently producing and selling 325,000 jars of salsa annually. The salsa sells for $ 5.00 each. The company is considering lowering the price to $ 4.60 Suppose the action will increase sales to 375,000 jars of salsa. Required a. What is the incremental cost associated with producing an extra 50,000 jars of salsa? Variable costs per jar: Ingredient cost Labor cost Total variable cost at current production Number of jars of salsa Variable cost per jar at current production Incremental number of jars Incremental cost associated with price change b. What is the incremental revenue associated with the price reduction of $ 0.40 per jar? Original revenue Revenue with price change Incremental revenue associated with price change c. Should Santiago's lower the price of its salsa