How Useful is Managerial Economics?
In a 1982 survey of a random sample of 500 executives drawn from the 1500 largest U.S. companies, Guiseppe Forgionne found that fully 70 percent of the executives said that they make use of most of the basic economic concepts of cost(e.g. economies of scale,cost functions,learning curves, etc.), price(MC pricing, supply&demand, etc.), and value