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Managerial Economics: Applications, Strategy, and Tactics
This is a preview of subscription content, access via your institution. Rent this article via DeepDyve. Correspondence to Thomas Kevin Swift. Reprints and Permissions. Swift, T. James R. McGuigan, R. Charles Moyer, and Frederick H. Harris eds. Bus Econ 53, — Download citation. Published : 30 May Issue Date : July Search SpringerLink Search. Immediate online access to all issues from Subscription will auto renew annually.
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Information -- forecasting, relationships, expectations, possible retaliation by rivals, etc. Economic profit is the difference between revenues and total economic cost including the economic or opportunity cost of owner supplied resources such as time and capital. Shareholders may want profits, but managers may wish to relax. The shareholders are principals, whereas the managers are agents. Conflicting motivations between these groups are called agency problems. Maximization of the quantity of output, subject to a breakeven constraint.
McGuigan, R. Charles Moyer, Frederick H. This is an electronic copy of all solutions of the text book chapter end problems.
Moyer Upper Level Economics Titles. As always, the seasoned author team balances a solid foundation of traditional microeconomic theory with extensive exploration of the latest analytical tools in managerial economics, such as game-theoretic tactics, information economics, and organizational architecture. PART I. Exhaustible Natural Resources, Advanced Material
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Managerial Economics: Applications, Strategies and Tactics-James R. McGuigan By illustrating how effective managers apply economic theory and.