Managerial Economics

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Title: Managerial Economics

Essay Details:

Subject: Book Reports

Author: Marion C

Date: February 3, 2017

Level:

Grade: B

Length: 3 / 654

Essay text:

Also wherever possible, students are expected to study, analyses and interpret empirical evidence and case studies available currently on various basic concepts. 1. Definition, Nature and Scope of Managerial Economics, Managerial Economics and Microeconomic and Macroeconomics. Managerial Economics and decision-making. Definitions of basic concepts: a. Positive and normative approach b. Optimization c. Marginal analysis d. Opportunity Cost. e. Economic Model. f. Statics and Dynamics. (8) 2. Meaning and determinants of demand. Demand Function. Law of Demand, Market Demand, Elasticity of demand...

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