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“Managerial economics is the application of economic theory and quantitative methods (mathematics and statistics) to the managerial decision‐making process. This book … assumes that students will have had mathematics training at least through pre‐calculus and … a course in elementary statistics. … The book includes … a problem‐solving approach … It contains a separate chapter on game theory … a chapter on the time value of money and capital budgeting. There is the accentuation of risk, uncertainty, and the economics of information throughout.”
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Publishing Year: 2003
ISBN: 9780127408521
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