Question

What does the role of managerial economics in shaping managerial decision?

Answer 1

$\huge\underline{\underline{\mathfrak \red{Answer}}}$

❏A managerial economist helps the management by using his analytical skills and highly developed techniques in solving complex issues of successful decision-making and future advanced planning.

❏The overall role of managerial economics is to increase the efficiency of decision making in businesses to increase profit.