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...Business economics revised syllabus and paper pattern of f y b com i w e academic year semester module demand analysis function determinants lectures concept importance elasticity income cross promotional consumer s surplus forecasting meaning significance methods case studies ii theory production short run long law variable proportions isoquants producer equilibrium returns to scale economies iii cost concepts social private costs economic accounting fixed opportunity behavior curves iv revenue total average marginal under perfect competition monopoly objectives a firm profit sales growth maximization types breakeven market structure shortrun longrun industry sources features monopolistic oligopoly pricing practices price discrimination dumping marginalcost costplus multipleproduct failure inefficiency productive allocative using ppc causes public goods power externalities information asymmetry equity government intervention efficiency capital budgeting investment criteria pay back pe...