Post Utme Rsu 2024 Geography Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Rsu Geography examination.

Post Utme Rsu 2024 Geography Objective / Multiple Choice
Question 12 POST_UTME_RSU • 2024 • GEOGRAPHY • objective

A company is considering two locations for a new factory: Location A, which has a high labor cost but low transportation cost, and Location B, which has a low labor cost but high transportation cost. What is the name of the economic concept that helps to determine the optimal location?

Answer Options

A. Comparative Advantage
B. Opportunity Cost
C. Transportation Cost
Correct Answer D. Location Quotient
Correct Answer
D
Correct Option:
Location Quotient

About This Question

This is Post Utme Rsu 2024 Geography Question 12. It is one of the objective questions from the 2024 Post Utme Rsu Geography examination.

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