ECON-6142 - Managerial Economics oed answer key
Showing 1 to 5 of 5 total answers.
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Awesome StudentQuestion • Managerial Economics
This is the third question in solving issues using managerial economics
Answer
Who should consume and claim the goods and services produced by the firm?
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Awesome StudentQuestion • Managerial Economics
Managerial economics helps in decision-making as it involves _______________
Answer
logical thinking
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Awesome StudentQuestion • Managerial Economics
The use of ManagerialEconomics is not limited to profit-making firms and organizations; but it can also be used to help in ______________________ of non-profit organizations(hospitals, educational institutions, etc)
Answer
decision-making process
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Awesome StudentQuestion • Managerial Economics
Managerial Economics is a__________________ dealing with effective use of scarce resources It guides the managers in taking decisions relating to the firm's customers, competitors,suppliers as well as relating to the internal functioning of a firm
Answer
science
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Awesome StudentQuestion • Managerial Economics
While microeconomics is the study of decisions made regarding the allocation of resources and prices of goods and services, ___________________ is the field of economics that studies the behavior of the economy as a whole (ie entire industries and economies)
Answer
macroeconomics