Managerial Economic Decision Making” Please respond to the following:
Assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
Analyze the principal-agent problem to determine how the relationship could be less adversarial. Provide support for your rationale.
Fundamental Economic Concepts” Please respond to the following:
Pick a recently released good or service. Then, determine the factors that must be evaluated regarding the product’s supply and demand. Analyze how these factors impact the decision to supply the product indicating the significance of each in the decision-making process.
Using the same product example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management’s decisions.
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