USES OF MANAGERIAL ECONOMICS

EASY ECONOMIC

1. E CONOMICS FOR M ANAGERS TOPIC : Use of Managerial Economics . By , SACHIN SOMANNA M.P MBA ‘B’ SEC V.V.C.E

2. Managerial Economics Definition : According to Jeal Dean , “The purpose of managerial economics is how economic analysis can be used in formulating policies”. According to Mansfield , "Managerial economics i s concerned with application of economic concept and economic analysis to the problem of formulating rational managerial decision”.

3. Uses of Managerial Economics Managerial Economics plays an very important role for the firms in taking following decisions: Production Decisions. Inventory Decisions Cost Decisions Marketing Decisions Investment Decisions Personnel Decisions

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