question archive Managerial economics is a field useful for managers in making managerial decision

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).

 

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