The concepts of management economics are used to make better business decisions. In the Managerial Economics book, we do this by addressing opportunity costs, marginal analysis, price elasticity, and the economics of individual behavior. The book also delves into business management, including the economics of production, production inputs, and pricing strategies and tactics. We also pay significant attention to the structure of markets and the behavior of competitors. This book is intended to provide the economic underpinnings for many essential business decisions.
