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I'm new to this and would really appreciate a little help. We are assigned a project wherein we would have to visit the Managing Directors (face to face) of certain compainies and putforth question on how they manage time.
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Economic principles assist in rational reasoning and defined thinking. They develop logical ability and strength of a manager. Some important principles of managerial economics are:
# Marginal and Incremental Principle
This principle states that a decision is said to be rational and sound if...
Managerial Economics deals with allocating the scarce resources in a manner that minimizes the cost. As we have already discussed, Managerial Economics is different from microeconomics and macro-economics. Managerial Economics has a more narrow scope - it is actually solving managerial issues...