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How can a managerial econmist help in operations of:
(a) a service organization;
(b) manufacturing;
(c) an agricultural - based company.
Step by step
Solved in 4 steps
- What is the Importance of managerial economics as an accountant and as a studentInstruction: 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.How does the demand side of market relate to the real world of business in relation to managerial economics?
- 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 onlyWhat is managerial economyManagerial 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.
