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How would you respond to this post? Class, why should you study Managerial Econ in your...

How would you respond to this post?

Class, why should you study Managerial Econ in your view?

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Managerial economics is an amalgamation of economics and business. Using managerial economics, managers use microeconomics of the firm to take critical business decisions to increase the profit and profitability of the organization. Managerial economics narrows the gap between theoretical concepts and practical managerial problems. This helps the manager in analyzing the challenges of the firm with a rational configuration and enables logical decision-making post evaluation of various options with an objective to maximize the firm's profit.

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