New Enroll in RBI Grade B New Batch - Starts on May 21

    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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