What are the characteristics of managerial economics?

1. Micro econonic nature. 2.use of macro economics 3.use of theory firm 4.prospective nature 5.practical approch 6. Decision making at managerial level 7. Normative economics 8. Nature of business economics
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Nature and scope of managerial economics?

Managerial Economics has a close connection with economics theory  (micro as well as macro-economics), operations research,  statistics, mathematics and the theory of decisi (MORE)

What do you mean by managerial economics and what is science?

Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improvingmanagerial decision (MORE)

How managerial economics is pragmatic?

Managerial economics is pragmatic since it is practical subject. It prevents abstracts issues of economics theory and help in solving complications that are not covered by eco (MORE)

What is managerial economics?

Managerial economics is a study of application of managerial skills in economics,more over it help to find problems or obstacles in the business and provide solution for those (MORE)

What is the incremental concept of managerial economics?

Incremental analysis includes two conceptsIncremental costIncremental revenueIC is the additional cost incurred for additional output. In other words changes in cost due to ch (MORE)

Basic Economic Activity

Economy is a dynamic process that is always at work, and is responsible for the financial security of a nation. The economic activity of a region or nation is dependent upon v (MORE)

Why Earn An Undergraduate Degree In Economics

If an individual has an interest in business and finance, has strong math skills, and enjoys finding solutions to problems, they may want to consider earning a bachelor's degr (MORE)

Characteristics Commonly Seen in Adult Children of Alcoholics (ACOAs)

You left the house you grew up in, but growing up with an alcoholic parent influences behavior and decision-making throughout your adult life. The characteristics of adult chi (MORE)

Putting Human Characteristics into Perspective

When anthropologists talk about qualities unique to humans, four factors are generally brought up. These factors, though initially thought to all be specific to humans, have b (MORE)
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What are demand determinants in managerial economics?

 1)price of the product 2)price of the substitute product 3) advertisement effect 4) consumers expectations  5) tastes and habits  6)cl (MORE)

What is the role of managerial economics?

Managerial economics is a branch of economics this used in  conjunction with business economics. It deals with microeconomics  with a focus on helping a business determine s (MORE)

What is Accelerator in term of managerial economics?

  Accelerator comes from the Principle of Acceleration. In managerial Economics, Acceleration Principle means, the rate of change in aggregate Demand to the Rate of Change (MORE)