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Author Question: What is the marginal cost rule of specialization?[br][br][b][color=#165FFA]Question ... (Read 60 times)

jake

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on: Jun 30, 2018
What is the marginal cost rule of specialization?

Question 2

The planning horizon refers to the short run, when the firm must plan how much of a variable input to apply to a fixed input.
 a. True
  b. False
  Indicate whether the statement is true or false


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amy.lauersdorf90

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The marginal cost rule of specialization states that an individual/economy should specialize in the production of the good in which the individual's/country's marginal cost of production is lower.

Answer to Question 2

False


jake

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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