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The Daily Bread company is a bread delivery business in Toronto which delivers bread to their customers on a daily basis. The average price of

The Daily Bread company is a bread delivery business in Toronto which delivers bread to their customers on a daily basis. The average price of each delivered package is 8$ (product + delivery) and the cost is 4$. The company notices that the demand elasticity to advertising is 0.3. How much should the company spend annually on advertising is they want to reach annual sales of 3 million dollar?

A. $200,000

B. $350,000

C. $450,000

D. $400,000

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