--%>
Assignment Help - homework help

Explain Economics verse Managerial economics

Explain Economics verse Managerial economics.

E

Expert

Verified

Difference between Economics and Managerial Economics:

Economics:

1. Dealing micro and macro both aspect
2. Positive and normative both science.
3. Deals along with theoretical aspects
4. Study the firm and individual both.
5. Extensive scope

Managerial Economics:

1. Dealing simply micro aspects
2. Simply a normative science.
3. Deals along with practical aspects.
4. Study the problems of firm just. And
5. Narrow scope.

   Related Questions in Managerial Economics

  • Q : Occurrence of Occupational Crowding An

    An illustration of occupational crowding occurs while: (1) Morgan, Blake and Jackie share one small office and a fax machine at an investment firm. (2) Juanita, Rosa, and Maria find work only as hotel maids since, as Hispanic women, they are stereotyp

    		•
  • Q : Wage rate and labor in supplying By the

    By the following choices in this illustrated graph, this worker would be happiest at point: (w) point a. (x) point b. (y) point c. (z) point d.

    Q : Illustrates the term economic cost

    Illustrates the term economic cost concept briefly?

    		•
  • Q : Limitation for using illustrations of

    Illustrations of economic capital would NOT contain: (i) an accountant's computer. (ii) 1,000 shares of stock within Google. (iii) a sixteen-pound sledgehammer. (iv) tires upon an eighteen-wheeler truck. (v) paper into the printer of a romance novelis

    		•
  • Q : What is Increasing Returns to scale

    What is Increasing Returns to scale?

    		•
  • Q : Illustrates the criteria for good

    Illustrates the criteria for good forecasting method?

    		•
  • Q : More Labor productivity American

    American workers tend to be more productive than counterparts of their in South America or Asia into part since they have: (1) superior natural genetic endowments. (2) access to better sports programming, that promotes teamwork. (3) more capital to work with, and supe

    		•
  • Q : Investment in human capital in market

    Most economists would categorize the bulk of the funds spent upon your college education like: (1) an investment in human capital. (2) financial capitalization. (3) consumption. (4) specific training. (5) personal saving. Please gu

    		•
  • Q : What is pricing strategies What is

    What is pricing strategies?

    		•
  • Q : HW Hello, Would you please find a small

    Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks

    		•