Synopsis This textbook presents practical simple tools and concepts of managerial economics for students as well as managers practicing in business environment. It presents the essentials of managerial economics in a lucid style. This volume exclusively incorporates this discipline to other managerial functions. Managerial Economics teaches students how to make better business decisions and succeed in their field. This volume is an essential addition to any student and business manager library especially anyone needed to make important, informed decisions in the presence of scarce resources.