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A company may be interested in offering a long term contract. Prepare a researched detailed answer for each question below: What is Managerial Economics. What

A company may be interested in offering a long term contract. Prepare a researched detailed answer for each question below:

  1. What is Managerial Economics.
  2. What are some of issues that are addressed using managerial economics?
  3. What are some ways managers can use managerial economics in the decision-making process, and how might you use it?
  4. Discuss the relationship between managerial economics, economic theory, and the decision sciences and how are they related.

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