Illustrates the Importance of managerial economics
Illustrates the Importance of managerial economics?
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Importance: To solve the problems of decision making, all data are to be gathers and analyzed within the light of business objectives. Managerial economics gives help in such area. The significance of managerial economics maybe relies within the given points:
1. This gives tool and techniques for managerial decision making. 2. This provides answers to the fundamental problems of business management. 3. This gives data for forecasting and analysis. 4. This provides tools for demand forecasting and profit planning. 5. This directs the managerial economist. 6. This assists in formulating business policies. 7. This helps the management to identify internal and external factors affects the business.
What is the meaning of managerial economics?
Describes the definition of Managerial economics according to Douglas?
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Illustrates the responsibilities of managerial economists?
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This supply of labor of worker is perfectly inelastic at point: (w) point a. (x) point b. (y) point c. (z) point d. Discover Q & A Leading Solution Library Avail More Than 1418166 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1943084 Asked 3,689 Active Tutors 1418166 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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