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...Lecture notes on managerial economics i mba semester ms swathi assistant professor institute of aeronautical engineering autonomous dundigal hyderabad unit introduction to imagine for a while that you have finished your studies and joined as an engineer in manufacturing organization what do there plan produce maximum quantity goods given quality at reasonable cost the other hand if are sale manager sell amount with minimum advertisement costs words want minimize maximize returns by doing so practicing principles managers their day activities always confronted several issues such how much is be supplied price should product made internally or whether it bought from outside produced make profit provides us basic insight into seeking solutions problems name itself implies offshoot two distinct disciplines management necessary understand these least brief nature scope study human activity both individual national level economists early age treated merely science wealth reason this clear ev...