Question

Q. Managerial economics is also called​

Answer 1

Answer:

Managerial economics 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 to aid managers to make a wide array of multifaceted decisions.

Answer 2

1. Managerial economics is sometimes referred to as or is commonly called business economics

2. It is a branch of economics that applies microeconomic analysis to use clear decisive methods of businesses or other management units to aid managers to make multifaceted decisions in a wide range of things.

3. It helps in the systematic integration of economic theory and business practice

4. the Main purpose of managerial economics is is to push the planning process of management forward and help in the decision-making process.