Question

nature and scope of managerial economics

Answer 1

Scope and Nature of Managerial Economics. Refers to the use of economic theory (micro and macro) and the tools of analysis of decision science (mathematical economics and econometrics) to examine how an organization can achieve its aims and objectives most efficiently.

Answer 2

Scope and Nature of managerial economics Refers to the use of economic theory (micro and macro) and the tools of analysis of decision science (mathematical economics and econometrics) to examine how an organization can achieve its aims and objectives most efficiently.


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