The uncertainty-bearing theory of profit was propounded by
A) F. H. Knight
B) F. B. Hawley
C) P. A. Samuelson
D) Joseph Schumpeter
Correct Answer:
Verified
Q2: The concept of Quasi-rent mean
A)The rent to
Q3: The return to a factor of production
Q4: The marginal productivity theory of distribution was
Q5: The 'iron law of wages' is
A)The wage-fund
Q6: According to Prof Knight, profit is the
Q8: Which of the following is not included
Q9: Marginal productivity theory is also called
A)Real theory
B)Classical
Q10: Subsistence theory of wages was used by
A)Karl
Q11: Profit is also known as
A)Contractual rent
B)Residual income
C)Net
Q12: Changes in the rate of interest affect
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