Explain the decision making areas of the decision making
Explain the decision making areas of the decision making.
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Given are the important areas of decision making as follows:
Selection of suitable product mix, Replacement decision, Selection of product, Selection of ways of production, shut down the decision, Location decision and Optimum input combination, Allocation of resources. And make or buy decision, Decision upon promotional strategy, Product line decision, Determination of quantity and price, Decision on import and export and Capital budgeting.
Explain the term Production function.
Explain the chief characteristics of managerial or business economics.
Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks
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