Which of the Following Inventions Introduced Flexibility in the Location

question 64

Multiple Choice

Which of the following inventions introduced flexibility in the location of factories?

• A) railroads
• B) Hydro-electric power plants
• C) water frame spinning
• D) The steam engine
• E) Wind energy

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Definitions:

Marginal Costs

The supplementary cost that comes with producing an extra unit of a good or service.

Mass Affordability

The widespread ability of the average consumer to purchase goods and services, often due to lower prices or increased income levels.

Economies of Scale

Enterprises see cost efficiencies due to their operating scale, with the cost for every unit of output generally declining as the scale enlarges.