The Center-Of Gravity Technique Is a Method for Locating a Facility

question 2

Multiple Choice

The center-of gravity technique is a method for locating a facility based on

• A)cost and transportation
• B)weight and distance
• C)cost and distance
• D)weight and cost

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Definitions:

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Additional Output

The extra quantity of output produced as a result of increasing the level of input by one unit.

Unit of Labor

A measurement of work or effort by an employee or worker.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in a specific period.