Which one of the following scholars used the 'Law of diminishing utility' for location of the industry ?
Edgar M. Hoover used diminishing returns and utility in his analysis of industrial location, including the relation of transfer and processing costs to market areas.
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Which one of the following scholars used the 'Law of diminishing utility' for location of the industry ?
Answer and explanation
Correct answer D
Edgar M. Hoover used diminishing returns and utility in his analysis of industrial location, including the relation of transfer and processing costs to market areas.
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RPSC Assistant Professor (College Education)