Managerial Economics

ABOUT THE BOOK This book provides a complete, comprehensive and authentic text on micro and macro aspects of managerial economics. Through regular revisions it has kept itself up-to-date and in line with the requirements of the times during the three decades of its existence. Due to increasing application of economic theories, concepts and tools of economic analysis, and various universities and institutes modifying their curricula, the book has been revised again. Some new chapters, some new sections, sub-sections, and additional explanatory matters have been added to this edition, so that even the students with insufficient knowledge of basic economics are able to fully understand and appreciate the more complex topics in managerial economics. Readers will find the usefulness of the book vastly enhanced now.