Managerial economics is best defined as the economic study of how businesses can

Question

Managerial economics is best defined as the economic study of how businesses can make the most profits. how businesses can decide on the best use of scarce resources. how businesses can operate at the lowest costs. how businesses can sell the most products. .............................................................................................. 2. Which of the following is the best example of opportunity cost? a company's expenditures on a training program for its employees. the rate of return on a company's investment. the amount of money that a company can earn by depositing excess funds in a moneymarket fund. the amount of profit that a company forgoes when it decides to drop a particular product line in favor of another one.

Explanation / Answer

the last one is the answer . since the defination of Opportunity cost if the value of next best alternative sacrificed

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