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...Ilib symbiosis college of arts and commerce tpa an autonomous affiliated to university pune i winall subject code semester ii iii iv v vi m a title for approval by bos advanced micro economics theory applications objectives comprehend the principles essential economic decision making study inter relationship between price output determination understand elasticity time both demand supply apply perspective various issues analyze cost revenue concepts take better financial decisions reason accurately objectively matter detailed syllabus unit contents number theories firm hours modem baumol s sales maximisation marris model managerial enterprise hall hitch report full pricing bain silos labini limit rule simon satisficing behavioural cyert welfare march pareto optimal conditions social function compensation inability obtain optimum principle uncertainty incomplete markets market failure arrow impossibility theorem rawl justice distribution neo classical approach marginal productivity unde...