Primary function of managerial economics is to help in
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managerial economics can help reduce risk through uncertainty model analysis and decision-theory analysis.
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The function is decision making .
Explanation:
Managerial economics distributes with the appeal of the economic concepts, theories, tools and methodologies. It is the combination of managerial hypothesis and economical hypothesis.
It helps the person in decision making and takes action as a connection between practice and theory. Managerial decisions include evaluation of investable funds, choice of product, selecting business area, and sales promotion.
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