This table shows the number of cookies several bakeries sell each day. all else being equal, which bakery has the absolute advantage? mr. track’s chips the bakeshop uncle john’s

Uncle John's

Absolute advantage refers to the ability of a firm, business or a country to produce a greater quantity of a product or service using the same quantum of resources relative to others. When a firm is able of produce a greater quantity of a product or service, it can sell goods a price that is lower than its competitors and hence can sell more units of the product.

In this case, Uncle John’s sold the maximum number of cookies (125), hence it has an absolute advantage.

Uncle johns for all the edegenutity

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o