Description

Managerial Economics

Managerial Economics can be viewed as an application of that part of microeconomics that focuses on topics like demand, production cost, pricing, and market structure. It sharpens the analytical framework that the executive must bring to bear on managerial decisions.

Components

The topics are of two types: theoretical topics and practical problems faced by managers of production units, namely, break-even analysis and pricing policy. 

Managerial Economics 2 includes certain topics as:

• Perfect competition and monopoly
• Discriminatory monopoly
• Monopolistic competition
• Oligopoly

Objectives

We have tried to discuss the said topics in a simple language. Review exercises at the end of each chapter and multiple-choice questions along with answers.We hope this would help the students in their preparations for examinations.

Suggestions and feedback from the teaching fraternity and the students are earnestly solicited and will be highly appreciated to improve further the quality of this book.