Managerial economics is best defined as the economic study of
A. how businesses can make the most profits.
B. how businesses can decide on the best use of scarce resources.
C. how businesses can operate at the lowest costs.
D. how businesses can sell the most products.
Answer:B
Managerial economics is best defined as the economic study of
A. how businesses can make the most profits. B. how businesses can decide on the best use of scarce resources. C. how businesses can operate at the lowest costs. D. how businesses can sell the most products.