Lamb prices at livestock selling centre A are $150 per lamb. Lamb prices at livestock selling centre B are $155 per lamb. The distance between the two markets is 100 kilometers. Variable costs of transport are $0.13 per lamb per kilometer.

a.What would be the net price received per lamb transported from selling location A (produced but not sold in selling location A) and sold in selling location B? (3 marks)

b.What would be the net price received per lamb transported from selling location B (produced but not sold in selling location B) and sold in selling location A? (3 marks)

c.How many kilometres from livestock selling centre A is the market boundary located? (two decimal places) (3 marks)

d.How many kilometres from livestock selling centre B is the market boundary located? (two decimal places) (3 marks)

e.What would be the net dollar value per lamb received by a producer located at the market boundary? (3 marks)

f.A lamb producer is located 40 kilometers from Market A. Which market is the most profitable for the producer? (3 marks)

g.What would be the net dollar value per lamb received by a producer located 40 kilometers from Market A.