Managerial economics is best defined as
A. the study of economics by managers.
B. the study of the aggregate economic activity.
C. the study of how managers make decisions about the use of scarce resources.
D. All of the above are good definitions.
Answer:C
Managerial economics is best defined as
A. the study of economics by managers. B. the study of the aggregate economic activity. C. the study of how managers make decisions about the use of scarce resources. D. All of the above are good definitions.