Economic theory is a valuable tool for business decision making because it
A) acts like a road map to abstract away from nonessential matters to allow managers to concentrate on the relevant items for making a decision.
B) creates a realistic,complex model of the business decision.
C) allows managers to apply the economic way of thinking to make valid explanations and predictions about real world business problems.
D) both a and c
E) a,b and c
Correct Answer:
Verified
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