question archive Managerial economics is a field useful for managers in making managerial decision
Subject:EconomicsPrice: Bought3
Managerial economics is a field useful for managers in making managerial decision. Explain in detail using appropriate examples, how the knowledge of managerial economics can be used to manage a business. You can hypothetically create business and use numerical values to explain your decision-making process. (Types of profit, demand and supply analysis, elasticity of demand and cost of production).