Answer:
Explanation:
Managerial Economics like its name suggests, is a culmination of both economics theory and managerial theory. It deals with the applying of some economic theories, tools, and or even methodologies in order to solve practical problems in a business. A lot of the times, these business decisions do not only affect daily decisions, it also extends to, and affects the economic power. Some characteristics include it being;
Pragmatic.
It also makes use of the theory of firm.
It uses the help of macroeconomics.
Aiming to render any form of help to the management.
And lastly, it is also a scientific art.
