Business Operations of Managerial Economist


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Business Operations of Managerial Economist

A managerial economist can also be helpful to the management in making decisions relating to the internal operations of a firm in respect of such problems as price, rate of operations, investment, expansion or contraction. Certain relevant questions in this context would be as follows:

  • What will be a reasonable sales and profit budget for the next year?
  • What will be the most appropriate production schedules and inventory policies for the next six months?
  • What changes in wage and price policies should be made now?
  • How much cash will be available next month and how should it be invested?

 


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