| a) | Innovation theory | 1) | Clark |
| b) | Dynamic theory | 2) | Schumpeter |
| c) | Risk bearing theory | 3) | H.Knight |
| d) | Uncertainty bearing theory | 4) | Hawley |
- ✓2 1 4 3
- B1 4 2 3
- C1 2 3 4
- D4 1 3 2
Answer: A.
View full solution →44 questions across 3 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
| a) | Innovation theory | 1) | Clark |
| b) | Dynamic theory | 2) | Schumpeter |
| c) | Risk bearing theory | 3) | H.Knight |
| d) | Uncertainty bearing theory | 4) | Hawley |
Answer: A.
View full solution →| 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 | |
Answer: C.
View full solution →Answer: C.
View full solution →Answer: B.
View full solution →Answer: A.
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