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1: Understanding Managerial Economics (30 Marks) 1. Define Managerial Economics and explain its significance according to scholars. 2. Describe the characteristics and scope of Managerial

1: Understanding Managerial Economics (30 Marks) 1. Define Managerial Economics and explain its significance according to scholars. 2. Describe the characteristics and scope of Managerial Economics. 3. Discuss the relationship between Economics, Business Management, and Managerial Economics

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