1: LIFO is essentially an historical cost method. a. True
b. False
2. Average cost is essentially an historical cost method.
a. True
b. False
3. LIFO is essentially an recently cost method.
a. True
b. False
4. Which of the following are true?
1. With FIFO, the inventory valuation will be very close to replacement cost.
II. With LIFO, inventories are issued at a price which is close to the current market value :
III. Decision making can be difficult with Both which and Loleo because of the variations in prices.
IV. A disadvantage of the weighted average method of inventory valuation is that the resulting issue
price is rarely an actual price that has been paid and it may be calculated to several decimal places.
A. I and II only
B. I, II and III only
C. I and III only
D. I, II, III and IV

answer; (d) anthropology;

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

well, there are a lot of places we get information about earth from. like science classes, websites, books, newspapers, etc.