Managerial Economics Quiz
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Questions and Answers

What is another term used to refer to Managerial Economics?

  • Economics of Management (correct)
  • Industrial Economics
  • Business Economics
  • Microeconomics
  • What does Managerial Economics aim to bridge?

  • Gap between production and distribution
  • Gap between traditional economics theory and real business practices (correct)
  • Gap between supply and demand
  • Gap between microeconomics and macroeconomics
  • Who authored the book that led to the popularity of Managerial Economics in the USA?

  • J. L. Pappas
  • Joel Dean (correct)
  • Economics of Management
  • E. F. Brigham
  • According to E. F. Brigham and J. L. Pappas, what is Managerial Economics?

    <p>The application of economics theory and methodology to business administration practice</p> Signup and view all the answers

    What does Managerial Economics provide to enable managers to make decisions in real and practical situations?

    <p>Tools and techniques</p> Signup and view all the answers

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