Managerial economics questions and answers pdf free download

What is the scope of Managerial Economics?

The various economic concepts help a manger to take right decisions.
The scope of managerial economics is:

  • I.
    The selection of the production or the service to be produced.
  • I
  • I.
    The choice of production methods and resource combinations
  • I
  • I
  • I.
    The choice of best price and quantity combinations
  • IV.
    Promotional strategy and activities.

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