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...Managerial economics in a global economy th edition by dominick salvatore chapter the nature and scope of powerpoint slides prepared robert f brooker ph d copyright south western division thomson learning all rights reserved defined application economic theory tools decision science to examine how an organization can achieve its aims or objectives most efficiently problems sciences microeconomics mathematical macroeconomics econometrics solve optimal solutions firm combines organizes resources for purpose producing goods services sale internalizes transactions reducing costs primary goal is maximize wealth value...