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

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15y ago

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What is difference between economic and managerial economic?

Difference between economics & managerial economics 1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.


What is managerial economics?

1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.


Fundamental concepts of managerial economics?

1 .principle of opportunity. 2. principles of incremental cost and revenue. 3.principles of time perspective. 4.principles of discounting. 5.equi- marginal principles. 6.Optimisation.


Which president believed in the principle of trickle down economics?

Ronald Reagan believed in the principle of trickle down economics.


What principle of perceptual organization is shown here?

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Clifford James principle of economics?

tang ina niya !


What is second phrase of the classical period that focused on the principle of good administration of managerial expertise?

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What is discounting principles in managerial economic?

The discounting principle in managerial economic is the opposite of compounding. It is based on the present value of a sum of money you are getting in the future, the discount rate and the frequency.


What is the importance of pascal principle?

the importance of the pascal principle is really big. because that has lead the inventors and scientists to do new discoveries and inventions.


What president believed in the principle trickle down economics?

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Which president believed in the principle of trickle-down economics?

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What are the principle of administration and organization that underlie effective organization?

please assist me to the question