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2 Economic theory is a valuable tool for business decisionmaking because it Multiple Choice37:07creates a...

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Economics

2 Economic theory is a valuable tool for business decisionmaking because it Multiple Choice

37:07

creates a realistic, complex model of the business decision."acts like a road map to abstract away from nonessential matters toallow managers to concentrate on the relevant inerr decision","creates a realistic, complex model of the business decision," and"allows managers to apply the economic w make valid explanationsand predictions about real world business problems". both "actslike a road map to abstract away from nonessential matters to allowmanagers to concentrate on the relea decision" and "allows managersto apply the economic way of thinking to make valid explanationsand predictions business problems". allows managers to apply theeconomic way of thinking to make valid explanations and predictionsabout real we

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