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Book Synopsis
This text addresses the core of a subject commonly called managerial economics, which is the application of microeconomics to business decisions. Key relationships between price, quantity, cost, revenue, and profit for an individual firm are presented in form of simple conceptual models. The text includes key elements from the economics of consumer demand and the economics of production. The book discusses economic motivations for expanding a business and contributions from economics for improved organization of large firms.

Managerial Economics Concepts and Principles

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    A Paperback by Donald Stengel

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      Publisher: McGraw-Hill Education
      Publication Date: Publication Date: 8/16/2011
      ISBN13: 9781606492192, 978-1606492192
      ISBN10: 1606492195
      Also in:
      Economics

      Description

      Book Synopsis
      This text addresses the core of a subject commonly called managerial economics, which is the application of microeconomics to business decisions. Key relationships between price, quantity, cost, revenue, and profit for an individual firm are presented in form of simple conceptual models. The text includes key elements from the economics of consumer demand and the economics of production. The book discusses economic motivations for expanding a business and contributions from economics for improved organization of large firms.

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