Choose the correct statements regarding Alfred Weber’s Least Cost Theory,
- Industries using gross raw materials are likely to locate closer to their raw material sources, especially if they produce weight-losing products.
- The concept of isodapanes suggests that labor costs alone, without transport cost considerations, can dictate the optimal location of an industry.
- Pure raw materials influence industrial location in the same way as gross raw materials in Weber’s model.
1
Only 1
2
1 and 3
3
2 and 3
4
All statements are correct