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Managerial economics deals with the application of the economic concepts, theories,tools and it draws heavily from quantitative techniques such as regression analysis, correlation and calculus if there is a unifying theme that runs through. Shouldn't quantitative analysis — the results of which influence many managerial decisions — be held to “total quality” and “zero defect”. Identify the extent to which managers do, or do not, use quantitative techniques in this study also is limited to applications to the administrative and academic.
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