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Chapter 01 The Fundamentals of Managerial EconomicsMultiple Choice Questions1. The higher the interest rate: A.the greater the present value of a future amount. B.the smaller the present value of
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Managerial economics is the application of economic principles to make business decisions.
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Managerial economics can be filled out by analyzing data, using economic theories, and making informed decisions.
The purpose of managerial economics is to help businesses maximize profits and make efficient decisions.
Information such as costs, revenues, market trends, and competition must be reported on managerial economics.
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