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Managerial economics, or business economics, is a division of microeconomics that focuses on applying economic theory directly to businesses.The application of economic theory through statistical methods helps businesses make decisions and determine strategy on … D)organize labor, land, and capital. Access answers to thousands of economics questions explained in a way that's very easy for you to understand. Profits is denoted as,which of the following symbol? Concept of Demand and Supply: Different concepts of demand, demand curve, Determinants of demand, Law of demand, Demand forecasting methods, Market equilibrium, Concepts of elasticity. the course Managerial Economics-I. You can easily get 2-3 marks with the help of Economics GK Questions and answers for Competitive Exams. 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