Author Question: What is the marginal cost rule of specialization?[br][br][b][color=#165FFA]Question ... (Read 62 times)

jake · **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

amy.lauersdorf90 · **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