Question

discuss the importance of managerial economics in the process of decision making​

Answer 1

Answer:

Management is concerned with decision-making. ... Managerial economics presents those aspects of traditional economics, which are relevant for business decision-making in real life. It culls from economic theory the concepts, principles and techniques of analysis, which have a bearing on the decision-making process.

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Answer 2

managerial economics help the decision making process in the following ways. it culls from economic theory concepts, principle and techniques of analysis which having a bearing on the decision making process