This question has more than one correct answer and all must be selected.

Select all the statements that are true.

$$ Generally, the objective of the location decision is to maximize the firm's profit.

$$ The ratio of labour cost per day to productivity, in units per day, is the labour cost per unit.

$$ Lists have been developed that rank countries on issues such as "competitiveness" and "corruption."

$$ For a location decision, labour productivity may be important in isolation, but low wage rates are a more important criterion.

$$ An example of an intangible cost, as it relates to location decisions, is the quality of education.