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What is Fundamentals of Managerial Economics about?

This document provides an overview of managerial economics. It defines key terms like manager, economics, and managerial economics. It explains that managerial economics is the study of how to direct scarce resources to efficiently achieve managerial goals. It also outlines some principles of effective management, including identifying goals and constraints, understanding profits and incentives, understanding markets, time value of money, and marginal analysis. It discusses market forces of demand and suppl

Author

Siti Mariani

Language

EN