This applied book is a revision of the basic book on applied economics and is suitable for both readers and practitioners. While preserving the strengths of the previous edition, the "Third Edition" enhances the book's overall coverage. It has been updated and presents methods for analyzing the economic alternatives and outcomes of technical and managerial decisions. The book focuses on practical applications giving readers a thorough understanding of how to use evaluation methods necessary for decision making. The book also includes a new chapter discussing loans, bonds, working capital, exchange rates and equity. This revised text is designed to meet the needs of beginning through advanced students with an emphasis placed on the formulation and applications aspects. Provides balanced coverage of theory, applications and computations of operations research techniques.