The 3 main factors in the least cost theory are: agglomeration economies, cost of labor and cost of   .

The most important cost in Weber's Least Cost theory is –Group of answer choicesland rent costs.transportation costs.labor costs.infrastructure costs.resource/energy costs.

Theory of cost,

Economics: cost of materials, labor, etc.

Money spent for the factors of production is an explicit cost.Question 17Select one:TrueFalse

The economics of the least-cost location deals with –Group of answer choicesrelocating to a developing country.locating in a world city.economically minimizing transportation costs.minimizing labor pools.