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  • Assignment Nos.2 Introduction To Economic Decision-Making

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    Managerial economics helps address scarcity of resources and human behavior through analyzing topics objectively, making comparisons to relevant subjects, and evaluating arguments with supporting evidence. Economists view managerial economics as applying economic concepts to business decisions, and it guides real-world choices by using models that explain constraints of scarcity and optimal decision-making. Students are assigned questions on managerial economics features, views of economists, and economic models relating to scarcity and choice.

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    Assignment Nos.2 Introduction to Economic Decision-Making (1)

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    Managerial economics helps address scarcity of resources and human behavior through analyzing topics objectively, making comparisons to relevant subjects, and evaluating arguments with supporting evidence. Economists view managerial economics as applying economic concepts to business decisions, and it guides real-world choices by using models that explain constraints of scarcity and optimal decision-making. Students are assigned questions on managerial economics features, views of economists, and economic models relating to scarcity and choice.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Assignment Nos.2 Introduction To Economic Decision-Making

    Uploaded by

    qcnv8kydsq
    Managerial economics helps address scarcity of resources and human behavior through analyzing topics objectively, making comparisons to relevant subjects, and evaluating arguments with supporting evidence. Economists view managerial economics as applying economic concepts to business decisions, and it guides real-world choices by using models that explain constraints of scarcity and optimal decision-making. Students are assigned questions on managerial economics features, views of economists, and economic models relating to scarcity and choice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Assignment Nos.

    2
    Introduction to Economic Decision-Making

    Please answer the following questions and submit on the deadline date.

    1. Write all the basic features of managerial economics that you learned from this
    video Managerial Economics.

    -How do you think managerial economics can solve the basic problem of society
    of human behavior and scarcity of resources.

    Follow this simple step.

    a. Analyze the topic without bias.


    b. Compare the topic to something relevant.
    c. Evaluate the subject by providing an argument and defending that opinion
    with evidence to support it.

    2. How do various economist view the nature and scope of managerial economics?
    How do they applied this concept in the real business world. Explain.

    3. Click the link on this video on the Models of Economics.

    - Identify the various economic models and how do you think this economic
    model can solve the economic problem of choice behavior and scarcity.
    Explain.

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