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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>

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McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
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Answer:

D. $1,800 Decrease

Explanation:

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01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

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A company issues 5%, 12-year bonds with a face amount of $70,000 for $64,070 on January 1, 2021. The market interest rate for bo
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Answer:

Date              Particular                                Debit         Credit

Jan 1, 2021    Cash                                      $64,700

                      Discount on bond payable  $5,930

                               Bond payable                                 $70,000

Jun 30,2021  Interest expense                   $3,882

                      Discount on bonds payable                  $2,132

                      Cash                                                          $1,750

Workings:

Semi annual interest payment = 70,000 x 5% x 6/12

= $1,750

Interest expense on June 30, 2021 = Carrying value of bonds x Market interest rate

= 64,700  x 6%

= $3,882

Discount on bonds payable amortized on June 30, 2021 = Interest expense - Interest payment

= 3,882 - 1,750

= $2,132

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