Question

Managerial economics

a. describes how the pay for managers is set.
b. explains which products consumers will buy.
c. helps managers make decisions in the face of scarcity.
d. ensures managers always make good decisions.

Answer 1

d. ensures managers always make good decisions.

Step-by-step explanation:

Managerial economics is the study of the economics theory with accounting managerial scope to ensure the decision taken are as required within the business practices. It helps managers to solve accounting problems and make decision using economic theory and laws.

It provides a basis to solve and give the best solutions at all times even under constraints or in the time of scarcity. It uses quantitative methods and statistical tools to get better result oriented strategies.