Overview: Managerial economics (also called business economics),
is a branch of economics that applies microeconomic analysis to
specific business decisions. As such, it bridges economic theory
and economics in practice. It draws heavily from quantitative techniques
such as regression and correlation, Lagrangian calculus (linear).
If there is a unifying theme that runs through most of managerial
economics it is the attempt to optimize business decisions given
the firm's objectives and given constraints imposed by scarcity.
Tags: Managerial economics, Introduction, Managerial Economics
Techniques, Application
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