Managerial economics notes

Elasticity, in general, is the responsiveness of one variable due to a change in a different variable. In economics, the concept of elasticity helps… Read Article The post What are the Types of Elasticity? appeared first on eFinanceManagement.

What is Marginal Utility? Marginal Utility (or MU) is a concept in economics. It is a measure of additional satisfaction or benefits that a user gets from co

Managerial Economics Notes: Managerial economics is a relatively fresh subject that has been increasingly popular in B-Schools and economics classes around the world.

Factors of production in economics refer to inputs that one needs to make or produce a good or service. There are 4 factors of production.

Here are the major types of accounting you must know about managerial accounting, auditing, financial accounting, etc. For more information visit the link.

How to distinguish between Price Elasticity and Income Elasticity of Demand? Both Price Elasticity of Demand and Income Elasticity of Demand measures the

Economic issues affects are daily lives ,whether reading a newspaper on a report on “local market”, watching state of economy on the television news, even discussing with friends and colleagues reg…

What is the Marginal Rate of Substitution?Marginal rate of substitution (MRS) is an economic concept that helps in understanding human behavior. MRS is basically… Read Article The post Marginal Rate of Substitution – Meaning, Calculation, and Graph appeared first on eFinanceManagement.

Theory of Demand or Demand Theory is an economic principle that studies the relation between the demand for products or services and their prices. This theory e