Truett and Truett's Eighth Edition shows how to use economic analysis to solve problems and make effective decisions in the complex world of business. The highly successful problem-solving approach, clear and accurate presentation of economic theory, and outstanding cases combine to make the best presentation of managerial economics yet. It walks readers step-by-step through specific types of problems, including elasticity calculations, cost minimization, and profit maximization. It shows how real-world firms have addressed issues discussed in the book. It emphasizes the global aspects of managerial economics and its application in the international marketplace.