Managerial economics

Managerial economics
Number of sources: 2
Paper instructions:
Answer the following questions in regards to the following statement;
According to Milton Friedman, “Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.”

*Explain the role of managerial economics play in order to gain profit for a company.
*Describe the constraints a manager might encounter in making a profit for shareholders.
*Describe the key factors of Social Responsibility and how it affects managerial decisions.

-A minimum of 2 recent scholarly articles (not textbooks, Wikipedia, or other popular reading magazines), in current APA format, must be included and must contain persistent links so access can be achieved.


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