Economics and Entrepreneurship

Discussion 1. Managerial Economics

Write 400 words in length.

Describe a decision that a company has made when facing uncertainty (You can select any company like the company you are working for, or a company like Amazon, Walmart, etc.,). Discuss what the costs and benefits of that decision might be and offer advice on how to proceed with the decision based on estimated costs and benefits. Let’s get started with the discussion for this week. Share your takeaways. Please review the following link regarding “decision making during uncertain times”

https://www.mckinsey.com/capabilities/people-and-organizational-performance/ourinsights/decision-making-in-uncertain-times