It is mostly Micro economics and sometimes Macro economics
It is application of economics in business management
It helps to seek cost effective solutions hence it is normative in approach
it is pragmatic in nature
It is prescriptive in approach
nature of managerial economics?
scope of managerial economics
responsibilities of managerial eeconomic
significance of managerial economics is decesion making
Explain Managerial economics is economics applied in decision making?
nature of managerial economics?
scope of managerial economics
responsibilities of managerial eeconomic
what is the role of managerial economics in Pakistan
significance of managerial economics is decesion making
Explain Managerial economics is economics applied in decision making?
what is the importance of managerial economics principles in the modern organization?
Explain the managerial uses of demand distinction
Lawrence Southwick has written: 'Managerial economics' -- subject(s): Managerial economics
Both! The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations. On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.
indian father ..i dnt know. but Joel Dean is considered to be the father of Managerial economics.
What led to the emergency of managerial economics as a separate field of study