What is the basis for weber least cost theory

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1. What is the basis for Weber's Least Cost Theory, with a picture example.

2. What is a weight gaining industry? Example of weight gaining industry. Where will the industrial production point be located in this type of industry?

3. What is weight reducing industry? Example? Where will the industrial production point be located in this type of industry?

4. Illustrate the fictional brick bunny production location. And why it is like this.

5. What are the 3 primary factors Weber included in his model? Which is most expensive? Which does Weber focus in most and why? What assumptions does Weber make in his theory?

Reference no: EM132505448

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