March 18th, 2019 
admindescribe and answer in economic terms a managerial decision you have knowledge about . Some examples of
decisions are:
Should our company hire temporary workers or hire new workers to handle increase demand for our product?
Should we buy a new machine or upgrade the old one?
What is the optimal level of parts we should order and keep on the shelf?
Should we lease or buy a car?
Should we rent or buy a house?
Should I start a new business?
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