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Slav-nsk [51]
2 years ago
7

This table shows the number of cookies several bakeries sell each day. Bakery Number of Cookies Sold Mrs. Track’s 90 Chips 100 T

he Bakeshop 75 Uncle John’s 125 All else being equal, which bakery has the absolute advantage? Mrs. Track’s Chips The Bakeshop Uncle John’s
Business
2 answers:
Serggg [28]2 years ago
6 0

Answer: d. Uncle John's

Absolute Advantage refers to the ability of an individual, company, region or country to produce a particular product or service at a price lower than that of his or her or its competitors.

When the price for the company's products are lower in comparison to other similar products, the demand for its products are more and it's able to sell more number of units than its competitors.

In this case, Uncle John's has the absolute advantage since it sold the most number of cookies (125)









zmey [24]2 years ago
5 0

Answer:

the answer is d I took the test

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2 years ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

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2 years ago
Westerlands and Crownlands are two countries that trade with each other and no other countries. Assume that Westerlands’ currenc
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7 0
2 years ago
Ghose and Han​ (2014) found that the elasticity of demand for Google Play apps is negative 3.7. This elasticity applies to a sma
scZoUnD [109]

Answer:

1) The demand will decrease by 37% as a result of a 10% increase in price:

0.10 x -3.7 = -0.37 a ngevative impact in the maginitude of 37%

2) Revneue will fall

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Explanation:

<u>Revenues Price x Quantity</u>

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5 0
1 year ago
An activity on a PERT network has these time estimates: optimistic =2, most likely = 3, and pessimistic 8. Its expected time and
Talja [164]

Answer:3.67,1

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TE = (O + 4T + P) / 6

where,

TE = Pert Expected Time Duration,

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T = Typical estimate,=3

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σ = (P – O)/6

=(8-2)/6

=1

5 0
1 year ago
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