___ is the economics of business or managerial decisions.
Answers
Explanation:
In other words, managerial economics is a combination of economics theory and managerial theory. ... It is sometimes referred to as business economics and is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units.
Managerial Economics
Explanation:
A branch of management studies known as managerial economics focuses on using the ideas and practices of microeconomics and macroeconomics to solve business problems and make decisions. It is a specialist field that applies various economic ideas to internal organizational problems. Economics are a crucial component of any business. All of the company forecasting, investments, and assumptions are derived from this one concept. In a word, this is management economics. Managers often focus on issues unique to one entity rather than the economy as a whole while practicing managerial economics. As a result, it is viewed as being an essential component of microeconomics.
To learn more:
Illustrate with examples the role of managerial economics in shaping business decision
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What is managerial economics? what role does it play in shaping business decisions?
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