Contents
1 An Introduction to Managerial Economics: Nature and Scope
Differences Between Microeconomics and Macroeconomics, and Their Relation to Managerial Economics
Need to Study Managerial Economics
Applications of Managerial Economics
Managerial Economics and Business Economics: Ambiguity in the Use of the Two Terms
2 Objectives of a Business Firm, Decision Rules and the Process of Optimization
Profit Maximization: An Algebraic Explanation
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