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Managerial economics is the application of economic theory to economic practice with an aim of ensuring that business decisions meet their intended goal. 1) identify the 3 components of organizational architecture provide 3 real world examples of how the lack of one or more of the components caused dysfunctional behavior at an organization. Chapter 1 the nature and scope of managerial economics 3 figure 11 the role of managerial economics in managerial decision making managerial economics uses economic concepts and decision science techniques to. Individuals searching for business & managerial economics major found development economics students will look at the role that different economic policies .
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