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A student of economics. After graduation: an economist.
macro is a root for large, while micro is, of course, small
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
If you took the economics course at a local community college the cost would range from $200 - 400 for 2 - 4 credits. This would provide you with the basics and help you to determine where to go from here.
Marginal cost in economics means the cost that is not particularly big considering the other costs or investments that are required. It is used to state the cost and then make a very small allowance for it is required for accounting reasons.