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rjkz [21]
2 years ago
11

Managerial economics can be applied to the non-profit organizations too. Justify this statement?

Business
1 answer:
DIA [1.3K]2 years ago
8 0

Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.

Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

<h3>What is Managerial economics?</h3>

Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.

With Managerial economics , one can carry out:

  • planning
  • directing
  • organizing

In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

Learn more about Managerial economics at:

brainly.com/question/15050855

#SPJ1

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This question is incomplete. However, I found the prompt to be as follows;

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Productivity in this case is total hamburgers produced divided by the total labor cost plus total equipment cost.

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