Determine the Managerial economics techniques

Though the most frequent applications of these techniques are as below: 

• Risk analysis: Numerous models are used to quantify risk and asymmetric information and to use them in decision rules to manage risk.
• Production analysis: Microeconomic techniques are employed to analyse production efficiency, economies of scale, costs andoptimum factor allocation. They are also used to estimate the firm's cost function.
• Pricing analysis: Microeconomic techniques are used to examine numerous pricing decisions. This includes transfer pricing, price discrimination, joint product pricing, price elasticity estimations and choice of the optimal pricing method.
• Capital budgeting: Investment theory is employed to scrutinise a firm's capital purchasing decisions.