As a managerial economist, relate your findings on the operations of; (a) a service organization; (b) manufacturing; (c) an-agriculture-based company.
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Instruction: Make a review of the present economic environment. What role does the managerial economist play in the business decision making of the company particularly on their resource allocation problems?
As a managerial economist, relate your findings on the operations of; (a) a service organization; (b) manufacturing; (c) an-agriculture-based company.
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- In making managerial economic decisions, which of the following should an effective manager consider? a. the total explicit costs and revenue of the firm tb he total opportunity costs of production c. the total revenue of the firm only. d. accounting profit onlyHow can a managerial econmist help in operations of: (a) a service organization; (b) manufacturing; (c) an agricultural - based company.What is the Importance of managerial economics as an accountant and as a student
- Managerial Economics What is the answer to the following questions (1-3)? 1. What are primary inputs? Give example. 2. What are secondary inputs? Give example. 3. Define variable factors of production.The fundamental link between managerial economics and strategy is the decision regarding the _________ of a company’s scare resources. A. Monitoring B. Allocation C. Creating D. None of theseImportance of managerial economics to accountancy.How they are connected?
- How does the demand side of market relate to the real world of business in relation to managerial economics?describe of How managerial economics ( micro economics ) works in our professional life ( real life example please) and personal life ( real life example please)?Ques- Engineering economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by the management. How it bridges the gap between economic theory and business practice Explain with example.
- The followings are the examples of typical economic decisions made by the managers of a firm. Determine whether each is an example of what, how and for whom Should the company continue to service the equipment that it sells or ask customers to use independent repair companies?What is the relevance and importance of managerial economics to students and accountants?describe of How managerial economics works in our professional life (example please) and personal life (example please)?
