Assertion: Managerial economics is microeconomic in nature.
Reasoning: Managerial economics focuses on the study of individual units of the economy.

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Both assertion and reasoning are true and the reasoning is the correct explanation of the assertion

Both assertion and reasoning are true but the reasoning is not the correct explanation of the assertion

Assertion is true but the reasoning is false

Both assertion and reasoning are false

answer is A.

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Detailed Solution

Managerial economics is microeconomic in nature as it focuses on the study of individual units of the economy such as firms, households, and industries.

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