b' "Managerial Economics" is an interesting and fundamental part of business and\nbusiness curriculum. This book is an attempt to assist the students who have\nlittle or no prior knowledge of the subject. This is the second edition of the\nbook "Managerial Economics", and contains many changes that will definitely help\nthe students to understand the basic principles. The book emphasises on relating\nprinciples of microeconomics at the firm level and discusses basic techniques in\nmanagerial economics. Various numerical tables and graphs have been included to\nillustrate the quantitative aspects of the economic terms and concepts. Many\nchapters have been thoroughly revised to make the book more purposive. '