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      Question

      Which among the following is a branch of economics

      involving the application of economic methods in the managerial decision-making process?
      A Cost Accounting Correct Answer Incorrect Answer
      B Financial Economics Correct Answer Incorrect Answer
      C Management Accounting Correct Answer Incorrect Answer
      D Managerial Economics Correct Answer Incorrect Answer
      E Econometrics Correct Answer Incorrect Answer

      Solution

      Managerial Economics is a branch of economics involving the application of economic methods in the managerial decision-making process. Managerial economics is used to find a rational solution to problems faced by firms. These problems include issues around demand, cost, production, marketing, and it is used also for future planning.

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