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NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE CODE : BHM 303 COURSE TITLE: MANAGERIAL ECONOMICS 1 MANAGERIAL ECONOMICS (THE COURSE GUIDE) THE NEED Managerial Economics as a…

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INTRODUCTION TO BUSINESS ECONOMICS Meaning and Definition of Economics Economics is a social science. Its basic function is to study how people- individuals, households,…

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Chapter 8: Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets In this chapter we characterize the optimal price, output and advertising decisions…

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1 Chapter – 4 Theories of Firms Meaning of Theories of Firm : 2  Theory of Firms goes along with the theories of consumer. A microeconomic concept founded in neoclassical…

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1 Chapter 9 PROFIT MAXIMIZATION Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved. 2 The Nature of Firms • A firm is an association…