Question

what doese economic theory contributes to managerial economics​

Answer 1

Answer:

Through economic theory, managers are able to make managerial decisions based on the knowledge about economies of scale. In economies of scale, managers are able to make profits while minimizing cost of production and maintaining price level.

Answer 2

Answer:

Through economic theory, managers are able to make managerial decisions based on the knowledge about economies of scale. In economies of scale, managers are able to make profits while minimizing cost of production and maintaining price level.