If you are looking at that price range you will most likely want to venture into the Indian market where you can get copy done starting from USD 10,00 per page (a page would be just about the 400 words you mentioned in your post).
I have had mixed feedback from people who have relied on services from companies in that region - the bottom line is the pricing you are looking at is very very low
I am wondering if you want the content as a mere filler of interested in developing keyword focused pages
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