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| a) | Innovation theory | 1) | Clark |
| b) | Dynamic theory | 2) | Schumpeter |
| c) | Risk bearing theory | 3) | H.Knight |
| d) | Uncertainty bearing theory | 4) | Hawley |
| a) | Q | = | $AL ^\alpha K ^\beta$ | |
| b) | Q | = | $- AL ^\alpha K ^\beta$ | |
| c) | Q | = | $AL ^{\alpha+\beta}$ | |
| d) | Q | = | $AK ^{\alpha+\beta}$ | |
| a) | Round revolution | Egg | |
| b) | Blue revolution | Prawn | |
| c) | Black revolution | Fish | |
| d) | White revolution | Milk | |
| a) | AFC | 1) | AFC + AVC |
| b) | AVC | 2) | TFC + TVC |
| c) | ATC | 3) | TFC / Q |
| d) | TC | 4) | TVC / Q |
| a) | Gross profit | 1) | Total revenue - Total cost | |
| b) | Net profi | 2) | Gross profit - Implicit cost | |
| c) | Normal profit | 3) | Minimum expected return | |
| d) | Super normal profit | 4) | Actual profit - Normal profit | |