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Documents U NIT 1 Chapter 1 Lesson 1. N EEDS VS. W ANTS Needs would be defined as goods or services that are.....

Slide 1U NIT 1 Chapter 1 Lesson 1 Slide 2 N EEDS VS. W ANTS Needs would be defined as goods or services that are required in order to live. Ex. food, water, air, clothing,…

Documents L ECTURE O NE : I NTRODUCTION IMBA NCCU Managerial Economics Lecturer: Jack Wu.

Slide 1L ECTURE O NE : I NTRODUCTION IMBA NCCU Managerial Economics Lecturer: Jack Wu Slide 2 D EFINING M ANAGERIAL E CONOMICS Managerial economics: Science of directing…