Question

What is the difinatiin and importance of managerial economics?

Answer 1

Answer:

Managerial economics helps managers to decide on the planning and control of the benefits. Managerial Economics is synchronized between the planning and control of any institution or firm and hence its importance increases. Thus, It plays a huge role in business decisions.

Answer 2

Answer:

here's the defination in the picture

importance of managerial economics-----

1. Useful in Business Organizations
2. Helpful in Chalking out Business Policies
3. Help in Business Planning
4. Helpful in cost control
5. Useful in Coordination of Business Activities
6. Useful in demand for casting
7. Helpful in profit planning and control
8. Helpful for business prediction
9. Helpful in Price determination
10. Helpful in Solution of Business Taxation Problems

Mark me as the brainliest if it helps

Mark me as the brainliest if it helps Thanks

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