Final answer:
Managerial Economics is a field that applies economic theory and decision science to aid managers in making strategic decisions for various types of organizations.
Explanation:
Managerial Economics can be defined as a field that applies economic theory and the tools of decision science to help managers make better business decisions. It incorporates principles from economics and decision-making to aid in strategic planning and resource allocation. This discipline is relevant not only to for-profit businesses but also to non-profit organizations and government agencies.
Learn more about Managerial Economics here:
https://brainly.com/question/40814176
