answersLogoWhite

0

What are the tools of managerial economics?

Updated: 4/28/2022
User Avatar

Ishan29

Lvl 1
12y ago

Best Answer

1.Total, average &marginal Relations.

2. Marginatism.

3.Optimisation.

4.Bench marking.

5.Total quality management.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the tools of managerial economics?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Nature of managerial economics?

nature of managerial economics?


Scopes of managerial economics?

scope of managerial economics


Explain Managerial economics is economics applied in decision making?

Explain Managerial economics is economics applied in decision making?


What is the role of Managerial economics in the economy of Pakistan?

what is the role of managerial economics in Pakistan


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 improving managerial decisions. Managerial economics also helps managers recognize how economic forces affect organizations and describes the economic consequences of managerial behavior. It links traditional economics with the decision sciences to develop vital tools for managerial decision making. This process is illustrated in Figure 1.1. Managerial economics identifies ways to efficiently achieve goals. For example, suppose a small business seeks rapid growth to reach a size that permits efficient use of national media advertising. Managerial economics can be used to identify pricing and production strategies to help meet this short-run objective quickly and effectively


Significance of managerial economics in decision making?

significance of managerial economics is decesion making


What is objective of managerial economics?

responsibilities of managerial eeconomic


What is the importance of managerial economics principle in modern organization?

what is the importance of managerial economics principles in the modern organization?


Scope methods of economics?

about scope of managerial economics?


What is the Difference between economics and manegrial economics?

difference between economics and managerial economics


What has the author Lawrence Southwick written?

Lawrence Southwick has written: 'Managerial economics' -- subject(s): Managerial economics


How managerial economic tools such as marginal revenue marginal product marginal cost and marginal profit can be used to inform decision making?

basic economic tools in manaregial economics