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How does managerial economics relate with other disciplines for propounding its theories? Identify the areas of decision making where managerial economics prescribes specific solutions to

How does managerial economics relate with other disciplines for propounding its theories?
Identify the areas of decision making where managerial economics prescribes specific solutions to business problems.
Explain perfectly elastic demand and perfectly in elastic demand with a suitable example.
Discuss the steps to be followed during demand forecast.

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