Limitations of managerial economics
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managerial economics • theory of the firm • expected value maximization • value of the firm • present value • optimize • satisfice • business profit • normal rate of return • economicprofit • profit margin • return on stockholders' equity • frictional profit theory • monopoly profit theory • innovation profit theory • compensatory profit theory Managers, Profits, and Markets Chapter 1 How Is Managerial Economics Useful? • Evaluating Choice Alternatives • Identify ways...
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