In managerial economics another area which is of great importance is cost of production. The…

In economics, production theory explains the principles in which the business has to take decisions…

Demand Demand is a widely used term, and in common is considered synonymous with terms…

The 'Law Of Demand' states that, all other factors being equal, as the price of…

In economics, a market refers to the collective activity of buyers and sellers for a…

Regression is a statistical technique that helps in qualifying the relationship between the interrelated economic…

Economic analysis is the most crucial phase in managerial economics. A manager has to collect…

Business firms are a combination of manpower, financial, and physical resources which help in making…

Managerial Economics can be defined as amalgamation of economic theory with business practices so as…