000 01841nam a22001937a 4500
020 _a9789354978548
041 _aENG
082 _a658.15
_bSAL
100 _aSalvatore, Dominick.
245 _aManagerial economics /
_cDominick Salvatore, Siddhartha K. Rastogi
250 _a10th ed.
260 _aNew Delhi :
_bOxford University Press,
_c2023.
300 _axxiv, 624 pages :
_billustrations ;
_c24 cm.
520 _aThe book synthesizes economic theory, decision sciences, and business administration to help instructors train students on how managerial decisions are made in the modern, globalized world. Theory is explained clearly and the applications are numerous, real and relevant. The book is divided into five parts: Part One reviews the basics of supply and demand, examines the nature and scope of managerial economics, presents the theory of the firm, and reviews optimization techniques. Part Two analyses demand. Part Three presents the theory and measurement of the firm’s production and costs. Part Four brings together demand analysis with production and cost analysis to show how price and output are determined under various forms of market organization. Part Five examines regulation and the role of government in the economy. The theory and practical examples help illustrate how local economic decision-making is now inescapably global. New to edition: New chapter on Economics of Information discussing the role of information and evolving understanding (Asymmetry revolution) with examples and case studies. New Indian case studies and insights, 2 new numerical problems in every chapter interspersed in the text for easy understanding of concepts. All box items have been revised and updated
650 _aEconomics
650 _aManagerial Economics
700 _aRastogi, Siddhartha K.
942 _2ddc
_cBK
999 _c23539
_d23539