Q1. (20 marks) Two producers located 800 km apart. Producer Alpha in Ho Chi Minh city has a production cost of 50 USD per unit and transportation cost of 0.7 USD per unit per kilometer. Producer Beta in Quy Nhon also has a production cost of 50 USD per unit but a transportation cost of 0.5 USD per unit per kilometer. Knowing that: Landed cost (LC) of Alpha = Landed cost of Beta. Questions: a/ Where x is the distance from Alpha's plant to the limit of the market area? b/ Which firm has a greater market area than another with the lower transport cost? Q1. (20 marks) Two producers located 800 km apart. Producer Alpha in Ho Chi Minh city has a production cost of 50 USD per unit and transportation cost of 0.7 USD per unit per kilometer. Producer Beta in Quy Nhon also has a production cost of 50 USD per unit but a transportation cost of 0.5 USD per unit per kilometer. Knowing that: Landed cost (LC) of Alpha = Landed cost of Beta. Questions: a/ Where x is the distance from Alpha's plant to the limit of the market area? b/ Which firm has a greater market area than another with the lower transport cost