Emergence of managerial economics, Managerial Economics

The emergence of managerial economics as a separate course of management studies can be attributed to at least three factors:

1.      Growing complexity of business designs making process due to changing market conditions and business environment

2.      Consequent upon, the increasing use of economic logic, concepts, theories and tools of economic analysis in the process of business design making, and

3.      Rapid increase in demand for professionally trained managerial manpower. Let us have a glance at how these factors have contributed to the creation of managerial economics as a separate branch of study.

 

 

 

Posted Date: 7/12/2012 5:58:09 AM | Location : United States







Related Discussions:- Emergence of managerial economics, Assignment Help, Ask Question on Emergence of managerial economics, Get Answer, Expert's Help, Emergence of managerial economics Discussions

Write discussion on Emergence of managerial economics
Your posts are moderated
Related Questions
A firm is employing 100 hours of labor and 50 tons of cement to produce 500 blocks. Labor costs Rs 4 per hour and cement costs Rs 12 per ton. For the quantities employed MPL = 3 an

How is marginal analysis lead to profit-maximizing quantity of output? Marginal Analysis leads to Profit-Maximizing Quantity of Output: The price-taking firm’s optimal outpu


Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Relationship between AC, AVC, AFC and MC is elucidated graphically by drawing respective cost curves in Figure below. Behaviour of cost curves is elucidated below. Figure:

Q. What do you mean by Cost Function? Cost function is a derived function. It's derived from the production function that describes the efficient method of production at any gi

When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truc

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2

BUSINESS CYCLES Meaning: The business cycle is the tendency for output and employment to fluctuate around their long-term trends.  The figure below presents a stylised

Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sensitive test equipment