1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vikentia [17]
3 years ago
10

The United States and the European Union are groups of semi-independent states that have come together under an agreement whereb

y resources can travel freely across borders and a common currency is in use. Which of the following statements best explains how this allows for the achievement of economies of scale?
A) Each state or country can now target larger markets and can thus earn more export revenue.
B) States and countries no longer have to worry about borders impeding trade.
C) Each state or country can adopt large-scale production techniques that allow lower per-unit costs of production.
D) The removal of trade borders and a common currency enhances trade between member states.
Business
2 answers:
goldfiish [28.3K]3 years ago
6 0

Answer:

C. Each state or country can adopt large-scale production techniques that allow lower per-unit costs of production.

Explanation:

Typically explained, Economies of scale (EOS) are the advantages or benefits a firm achieves due to increase in production or operation which in turn leads to decrease in per unit costs.

Here in this question, it is evident that the only way economies of scale could be achieved is by increasing the large scale production techniques that leads to lower per-unit costs of production for the firms.

Hope this clear things up.

Thank you.

Ipatiy [6.2K]3 years ago
4 0

Answer:

The correct answer is letter "C": Each state or country can adopt large-scale production techniques that allow lower per-unit costs of production.

Explanation:

Economies of Scale mean output becomes more efficient as the number of goods produced increases. In certain cases, businesses that reach economies of scale, by rising production, lower the overall cost of their goods. This is because fixed costs are distributed across a large number of products that are required to produce a good.

Therefore, <em>states in the U.S. or countries in the European Union can achieve economies of scale by mass-producing goods while reducing unitary costs of output.</em>

You might be interested in
Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week aver
Phoenix [80]

Answer:

Option (d) is correct.

Explanation:

Given that,

Average inventory in all of its worldwide locations = $15 million

Operate in a year = 51 weeks

Weekly cost of goods sold = $3 million

Annual cost of goods sold:

= Weekly cost of goods sold × Number of weeks in a year

= $3 million × 51 weeks

= $153 million

Inventory turnover:

= Cost of goods sold ÷ Average inventory

= $153 million ÷ $15 million

= 10.2 turns

4 0
3 years ago
Consider the following binomial experiment: a study in a certain community showed that 6% of the people suffer from insomnia. if
Oxana [17]
To determine the standard deviation of the number of people who suffer from insomnia, you need to use the following formula:
= sqr of npq

= √10,200 people in the community x 0.6 people who suffer from insomnia x 0.91 = ?
= √10,200 x 0.6 x 0.91 = <span>√55.143 = 7.43 

= 7.43</span>
6 0
3 years ago
How do I know if I have enough money to buy a Kate spade bag?
masya89 [10]
Check the price of the bag and see if it is equal to the money you have collected
3 0
3 years ago
Jerry is a 30 percent partner in the JJM Partnership when he sells his entire interest to Lucia for $82,750 cash. At the time of
Scrat [10]

Answer:

Jerry's gain on the sale= $28,500

Explanation:

When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.

Therefore

Jerry's gain on the sale= Amount of sale- Jerry's basis

Jerry's gain on the sale= 82,750- 54,250

Jerry's gain on the sale= $28,500

6 0
3 years ago
A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
Elodia [21]

Answer:

Gross profit    $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue                                                       $104,000

Less: cost of goods sold                                       $65,000

Gross profit                                                            $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0
3 years ago
Other questions:
  • Jada, a PR executive, likes to meet clients in her office, where her diplomas and awards are prominently displayed. This encoura
    15·1 answer
  • Why are most businesses considered small?
    15·1 answer
  • When Americans buy goods produced in Canada, Canadians earn income from American expenditures. Does the value of this Canadian o
    14·1 answer
  • A car loan requiring quarterly payments carries an APR of 8%. What is the effective annual rate of interest?
    11·1 answer
  • A store purchases televisions from a factory for $\$$87.89 each. The store normally sells one of these televisions for 225$\%$ o
    9·2 answers
  • Riley Company promises to pay Janet Anderson or her estate $150,000 per year for the next 10 years, even if she leaves the compa
    12·1 answer
  • You start a new business selling a product thats the best of its kind on the market. In addition to this product, what must you
    9·1 answer
  • If the industry were perfectly competitive the quantity of output produced would be?
    14·1 answer
  • A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as
    15·1 answer
  • Paraguay’s economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this si
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!