Which of the following areas of economic theory is the single most important element of managerial economics?
A) Mathematical economics
B) Econometrics
C) Macroeconomics
D) Microeconomics

Question

Quizplus · Accepted Answer

Microeconomics is the most important element of managerial economics as it deals with the behavior of individuals and firms in making decisions regarding the allocation of scarce resources, which directly applies to managerial decision-making.

Which of the Following Areas of Economic Theory Is the Single