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What is the importance of micro economics in study of managerial economics?

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What is the importance of micro economics in study of managerial economics?
posted Jul 11, 2017 by Amrita

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It's a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our business effectively and efficiently. Since the microeconomics explains the concepts like demand, production, supply analysis, so that it maximizes the profit.

answer Jul 12, 2017 by Prajwal C.m.
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