The purpose of this Manual is to facilitate the use of the Text by the Instructor. It contains the detailed outline of each chapter and the answers to all the end-of-chapter discussion questions and problems.



The discussion questions at the end of each chapter of the Text involve, for the most part, simple applications or recall of what is clearly explained in the text. Their function is to emphasize those concepts, theories, and tools that the student needs to learn and remember. I would encourage students to go over them on their own and check the answers in the text.I would assign the non-asterisked problems at the end of each chapter of the text to be done at home. These problems are challenging but not trickly or very time consuming. They are intended to enlist the active participation of students so as to make managerial economics truly come alive.