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How is managerial economics related to other disciplines like finance, accounting, budgeting?

How is managerial economics related to other disciplines like finance, accounting, budgeting?

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Answer #1

Managerial economics is the integration of economics with business management. It is related to accounting, as management accounting, and uses techniques like variance analysis, inventory management, cost-benefit analysis to help managers make profitable business decisions.

Managerial economics is related to finance. it makes uses of capital budgeting like Net Present Value, Profitability Index, Internal Rate of Return to make the most profitable financial decisions.

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