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Material index, labor and agglomeration and deglomeration.

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Q: What are the 3 factors of weber's least cost theory?
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In Webers least cost theory what two major factors controlled cost of transportation?

weight/ volume of the good and distance to market.


What is the von thunen model?

This is Theory of Least-Cost Location


How much does a Lamborghini cost in the US?

The cost of a Lamborghini depends on many factors, and you can usually expect to pay at least $200,000 for a car.


What are flaws of Alfred weber's least cost theory?

- Weber's theory does not account for the fact that markets and labour forces are often mobile - The Least Cost Theory does not take into account that the labour force contains some variance, in skill sets, gender, age, language etc. -Weber's theory also assumes that all transportation costs are directly proportional to the distance from the market, although this is not necessarily true. (Especially in today's global economy)


What is modern theory of cost of production?

the traditional theory explains cost curve u shape, but in modern theory says that cost curve L shape


The following type of information is LEAST useful for evaluating the range of products that may meet your requirement?

Cost driving factors


How much will gas cost from Detroit to Toronto?

That depends on a number of factors, not least how many miles per gallon your car gets.


What is modern theory of cost?

Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.


How much does a school building cost to buy?

It depends on the size, location, and many other factors, such as the architectural design. You can expect that a school building will cost at least several million dollars.


What is the cost-plus-markup theory?

Cost-plus-markup theory is the theory that business firms calculate their unit costs and add on a percentage markup.


What is least cost site?

a least cost site is a business location that allows businesses to minimize its cost.


What is the difference between in Normative theory and historical cost theory?

Normative theory focuses on what should be done based on ethical, moral, or societal principles, while historical cost theory values assets at their original purchase price. Normative theory considers broader implications and ethical considerations, while historical cost theory is more concerned with financial accuracy and reliability.