US-East is the cheapest one and it seems to be the one everybody picks first. I can only guess how the capacity there compares to other datacenters
Also you can expect higher costs for hardware and infrastructure in places like India and Brazil
Northern Virginia and Oregon have (generally) cheap power and cheap connectivity to anywhere in the world, with plenty of peering opportunities. In a developing country or with more expensive infrastructure (Mumbai, Tokyo) costs will be higher to get power and pull in fiber to peering locations with enough capacity to supply a provider of Amazon's size.
And maybe its time for the Asia region to be broken away from Pacific (but keep both). Mumbai associated with Pacific introduces dissonance.
Basically, while you can power-up a server in a datacenter, it shouldn't be accessed publicly via DNS. https://en.wikipedia.org/wiki/ICP_license