EASY ECONOMIC

1. ECONOMICS FOR MANAGERS
TOPIC : Use of Managerial Economics .
By ,
SACHIN SOMANNA M.P
MBA ‘B’ SEC
V.V.C.E

2. Managerial Economics
Definition :
According to Jeal Dean , “The purpose of
managerial economics is how economic
analysis can be used in formulating policies”.
According to Mansfield, "Managerial
economics is concerned with application of
economic concept and economic analysis to
the problem of formulating rational
managerial decision”.

3. Uses of Managerial Economics
Managerial Economics plays an very important role
for the firms in taking following decisions:
I. Production Decisions.
II. Inventory Decisions
III. Cost Decisions
IV. Marketing Decisions
V. Investment Decisions
VI. Personnel Decisions

4. THANK YOU