Explain the importance of managerial economics, Managerial Economics

Explain the importance of Managerial economics

Managerial economics bridges the gap among 'theoria' and 'pracis'. The tenets of managerial economics have been derived from quantitative methods like regression analysis, correlation and Lagrangian calculus (linear). An omniscient and unifying theme found in managerial economics is the attempt to achieve optimal results from business decisions, whereas taking into account the firm's objectives, constraints imposed by scarcity and so on.

 

Posted Date: 9/16/2013 5:17:36 AM | Location : United States







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