with those specs you can do pretty much anything web related, and it will run smooth.
never assume that a low price will also mean a low quality or performance on a device.
first gen chromebooks had a 50$ factory price tag, without shipping.
i have a notebook, that has the exact same internal components as a chromebook, but its made for a different brand, i payed about 150, with a windows 10 license included, later it was on sale for 100 (a model with dark green color) , no complaints here.
the quality of manufacturers has increased dramaticaly in the past few years.