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The company is currently producing and selling 250,000 jars of sauce annually. The jars of sauce sell for $4 per jar. The company is considering
The company is currently producing and selling 250,000 jars of sauce annually. The jars of sauce sell for $4 per jar. The company is considering lowering the price to $3.70. Per jar. Suppose this action action will increase sales to 309,000 jars of Saudi . What is the incremental revenue associated with the price reduction of sauce?
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