Emergence of managerial economics, Managerial Economics

Assignment Help:

The emergence of managerial economics as a separate course of management studies can be attributed to at least three factors:

1.      Growing complexity of business designs making process due to changing market conditions and business environment

2.      Consequent upon, the increasing use of economic logic, concepts, theories and tools of economic analysis in the process of business design making, and

3.      Rapid increase in demand for professionally trained managerial manpower. Let us have a glance at how these factors have contributed to the creation of managerial economics as a separate branch of study.

 

 

 


Related Discussions:- Emergence of managerial economics

Optimum combination of resources, Optimum combination of resources The...

Optimum combination of resources The firm can maximise output given costs.  That is when the entrepreneur attains the highest isoquant given a particular Isocost. At t

Determine the income effect of law of demand, Determine the Income Effect o...

Determine the Income Effect of law of demand As a result of fall in the price of a commodity, real income of its consumer increase at least in terms of this commodity. Or we c

Costs of economic growth, Costs of Economic Growth (Increase in National In...

Costs of Economic Growth (Increase in National Income) 1.     People living in industrial towns suffer from the effects of a polluted atmosphere. 2.     The manufacture of

Environmental issues of managerial economics, Environmental issues of Manag...

Environmental issues of Managerial economics Managerial economics also includes some aspects of macroeconomics. These relate to political and social environment in that anin

PRODUCTION THEORY, Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of l...

Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of labour, price of unit is RM24 & wages og each lanour rm12. the company constraint by it budget rm 1500 per time period. a) co

Returns to scale, A company uses 2 inputs, K and L in its production functi...

A company uses 2 inputs, K and L in its production function. The production function is given as where Q, K and L are in units per week. Price of input K per unit is RM100, and inp

Managerial Economics, Calculate point elasticity of demand for demand funct...

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Managerial Economics, Calculate point elasticity of demand for demand funct...

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Types of income elasticity of demand, Types of Income Elasticity of demand ...

Types of Income Elasticity of demand Depending upon the product, demand might increase or decrease in response to a rise in income.  There are thus five types of income Elasti

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd