Problem 2 Hyundai Motors is considering three sites-A, B, and C- at which to locate a factory to build its new model automobile, KONA electric. The goal is to locate at a minimum-cost site, where cost is measured by the annual fixed and plus variable costs of production. KIA Motors has gathered the following data: Site A B C Annualized Fixed Cost $20,000,000 $40,000,000 $50,000,000 Variable Cost per Auto Produced $5,000 $4,000 $2,000 The firm knows it will produce between 0 and 120,000 KONA electric at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. a) For what values of volume (V) of production, if any, is site C a recommended site? b) What volume indicates site A is optimal? c) Over what range of volume is site B optimal? Why?