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Subject: Economics Please briefly explain in your own words. What do you think is the importance of studying managerial economics in your own perspective? Explain
Subject: Economics
Please briefly explain in your own words.
- What do you think is the importance of studying managerial economics in your own perspective?
- Explain the concept of resource allocation.
- Explain the equi-marginal principle
- What are the factors of production and give one example in each.
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