Can any1 help me with this..explain the importance of studying managerial economics to a business Manager???

0 ⤊

Can any1 help me with this..explain the importance of studying managerial economics to a business Manager???

2007-02-26 00:11:37 · 1 answers · asked by Tan 2 in Social Science ➔ Economics

1 answers

Managerial economics deals with the economic concepts that are important to a member of management, namely, pricing concepts such as marginal revenue, marginal cost, and how to value differentiation of a product. Thus, in order to be an effective manager who helps increase the profitability of an organization, this course would be essential.

2007-02-27 03:26:40 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋