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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.
USES OF NATIONAL INCOME FIGURES We need national income statistics to measure the size of the "National cake' of goods and services available for competing uses o
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what is meant by equi-marginal concept
Q. What is External Diseconomies? The expansion of an industry is likely to generate external diseconomies that raise the cost of production. An increase in the size of industr
The city of Cabernet is very popular for its production of wine. The inhabitants of the city have an aggregate demand for wine that can be described as follows: where Q d
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classification of costs
Keynes Theory Keynes views about trade cycle entitled notes on the trade cycle of his classic the general theory of employment interest and money published in 1936. Although K
#quest Describe the oligopoly market structure and give some examples.ion..
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