Kodak is cutting the price of its digital camera 10%, from $250 to $225, because the product is at the latter end of its life cycle. At the original $250 price, digital cameras earned a 20% profit margin with 80% variable costs. What does this price cut do to the product's profit margin? Select one: a. Reduces it from $50 to $40. b. Cuts it in half from $50 to $25. C. Reduces profit from $50 to $45 d. Increases profit by selling more volume