Explain managerial economics according to mote and paul, Managerial Economics

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Explain Managerial economics according to Mote and Paul

Haynes, Mote and Paul:  "Managerial economics refers to those characteristics of economics and its tools of analysis most relevant to the firm's decision-making process". By definition, consequently, its scope doesn't extend to macro-economic theory and economics of public policy, an understanding of which is also necessary for the manager.

 


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