select a firm that interests you, and answer the following questions as they apply to that company.
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Question:
select a firm that interests you, and answer the following questions as they apply to that company.
1) What is Managerial Economics, and is it important for the managers of the firm you identified to understand it? If so, why?
2) How might the company use the decision-making models?
3) What role do profits play in the organization you identified, are they a key focus for the firm?
4) What is the objective of the firm?
5) How does the business separate ownership and control, managing the principal-agent problem?
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