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Economics Assignment Help
PART A
Answer the following questions.
Question 1
“Managerial Economics is a science which studies the economic aspect of behavior of the firm as an enterprise, and helps to allocate scarce resources to their alternative uses in such a manner as to optimize the firm’s ultimate objectives as an organization & a social institution, under conditions of the imperfect knowledge, risk & uncertainty. It provides principles, methods & techniques of analysis of economic behavior & at the same time prescribes ways & means... More