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Principles of Managerial Economics

Principles of Managerial Economics

This is a free textbook offered by Saylor Foundation. 'Principles of Managerial Economics addresses subject of applying microeconomics to business decisions. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists, the reality is sound economic reasoning benefits any manager of a business, whether they are involved with production/operations, marketing, finance, or corporate strategy. Stengel presents key relationships between price, quantity, cost, revenue, and profit for an individual firm are presented in form of simple conceptual models.Principles of Managerial Economics includes key elements from the economics of consumer demand and the economics of production.... Show More


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