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Managerial economics applies microeconomic theories and techniques to management decisions. Where economic or nancial topics appear in these notes, they are explained. The new system should be easy to solve if you 4 use backsubstitution to find the values of the unknowns. Objective this lecture note is to provide students with a basic understanding of how people make decisions, how people interact, and how the economy as a whole works, in order to provide students with a framework for viewing and interpreting the economic world around them.

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