TY - BOOK AU - Thomas, Christopher R AU - S Charles Maurice; TI - Managerial economics : : concepts and applications SN - 9780070601604 U1 - 331.152 PY - 2005/// CY - New Delhi PB - Tata Mcgrawhill Company Ltd. KW - Managerial economics. N1 - Managers, firms and markets; demand, supply, and market equilibrium; elasticity and demand; fundamentals of managerial decision-making -the theory of optimisation; basic estimation techniques; theory of consumer behaviour; empirical demand functions; demand forecasting; theory of production and cost in the short run; theory and production of cost in the long run; empirical analysis of production and cost; managerial decision-making in perfectly competitive markets; profit maximisation in perfectly competitive markets - implementation of the theory; managerial decision making for firms with market power; oligopoly - decision making with mutual interdependence; profit maximisation for firms with market power - implementation of the theory; multiple plants, markets, and products; decision making under risk and uncertainty; the investment decision; 274 N2 - Meant for students on how to use microeconomic theory to analyze business decisions. This book explores the market forces that create both opportunities and constraints for business enterprises ER -