MANAGERIAL ECONOMICS Application of Economics in Managerial Decision Making to optimize resources of the firm and maximize the value of the firm What is economics? The best product, wealth, or...
Measures of Central Tendency: There are three measures of central tendency that are: Mean: It is used to represent the average of the data. Median: It is used to represent the middle value. Mode:...
By using the finances in the windfall for strengthening the government's balance sheet rather than for government consumption. The Chief Economic Advisor suggests that:"The best use of windfall would...