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a49502462 4 views 4 slides Jun 15, 2024
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Sample PowerPoint File St. Cloud Technical College

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4 Economic Optimization Process Managerial economics is concerned with the ways in which managers make decisions in order to maximize the effectiveness or performance of the organization they manage. Economic theories assume that an economic agent is seeking to find the optimal value of some function consumers seek to maximize utility firms seek to maximize profit To understand how this can be done, you must understand the basic optimization techniques taken up in these sessions.
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