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Description

Managerial economics is concerned with application of economic concepts and economic analysis to the problems of formulating rational managerial decision. Managerial Economics can be defined as amalgamation of economic theory with business practices so as to ease decision-making and future planning by management. Managerial Economics assists the managers of a firm in a rational solution of obstacles faced in the firm’s activities. Managerial Economics can be defined as amalgamation of economic theory with business practices so as to ease decision-making and future planning by management. Managerial Economics assists the managers of a firm in a rational solution of obstacles faced in the firm’s activities. This approach will provide a solid foundation this subject on which the student will continue to build during the remainder of his or her professional life and most certainly during the remainder of his or her professional education.