The Eighth Edition of this market-leading text continues its tradition of
providing a solid foundation of economic understanding for use in managerial
decision making. It offers a practical treatment of economic theory and analysis
in an intuitive, algebra-based format. Its focus is on presenting those aspects
of economic theory and analysis that are most relevant to students of business
administration, and a wide variety of examples and simple numerical problems are
used to illustrate the application of managerial economics to a vast assortment
of practical situations. The nature of the decision process and the role
economic analysis plays in that process are emphasized throughout. This revision
is designed