Answer:
attributed as causes of corruption: Greed of money, desires. Higher levels of market and political monopolization. Low levels of democracy, weak civil participation and low political transparency
Answer: marginal Product on Capital
Explanation: A. The company should reduce the amount of capital that its spends on its rentals.
B.The value of the output produced by an additional unit of labor will be less than the cost of employing the additional unit and total profits will fall.
The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.
<h3>What is LIFO and FIFO methods of inventory?</h3>
LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.
FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.
Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.
Learn more about LIFO and FIFO here:-
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