Match the following.

List-I (Economist) List-II (Statement)

a. Joel Dean 1. The purpose of managerial economics shows how economic analysis can be used in formulating business policies.

b. Edwin 2. Managerial economics attempts to bridge the gap between Purely analytical problems and the problems of policies that management must face.

c. Milton and Siegelman 3. Managerial economics consists of the use of economic models of thought to analyse business situations.

d. Malcolm E. Mc. Nair and Richard 4. Managerial economics is the integration of economic theory with business practices for the purpose of facilitating decision making and forward planning by management.

A) a-1, b-2, c-3, d-4 B) a-4, b-3, c-2, d-1 C) a-1, b-2, c-4, d-3 D) a-1, b-4, c-2, d-3

Answer & Solution

Correct Answer: Option C

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List-I (Economist)	List-II (Statement)
a. Joel Dean	1. The purpose of managerial economics shows how economic analysis can be used in formulating business policies.
b. Edwin	2. Managerial economics attempts to bridge the gap between Purely analytical problems and the problems of policies that management must face.
c. Milton and Siegelman	3. Managerial economics consists of the use of economic models of thought to analyse business situations.
d. Malcolm E. Mc. Nair and Richard	4. Managerial economics is the integration of economic theory with business practices for the purpose of facilitating decision making and forward planning by management.