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meaunit1

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UNIT 1
Topics :
Meaning and Nature of
Managerial Economics:
->Managerial Economics and
its usefulness to
Engineers
->Fundamental Concepts of
Managerial Economics-Scarcity
-> Marginalism,
Equimarginalism
->Opportunity costs,
Discounting, Time Perspective,
Risk and Uncertainty, Profits,
Case study method.
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