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Which one of the following has been the most influential work of F.H.Knight?

A. Freedom and Reform

B. The Green Revolution

C. Economic Integration

D. Risk ,Uncertainty and Profit

Correct Answer : D.


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  1. If two households have identical preferences but different incomes then:
  2. In market sharing cartel model, cartel determines the shares of:
  3. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  4. The vertical demand curve for a commodity shows that its demand is:
  5. Consumers are likely to get a variety of similar goods under:
  6. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  7. The sufficient condition of firms equilibrium requires:
  8. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  9. In monopolistic competition, the aim of the firm is to:
  10. In case of budget line, we get pairs of two goods where consumers income is:
  11. Quantity demanded or supplied is measured in:
  12. In the long-run:
  13. In dominant price leadership model, the small firms are like:
  14. The Law of Equi-Marginal Utility refers to:
  15. In the perfect competition, there is a process of:
  16. The number of sellers in duopoly is:
  17. The isoquant approach is based upon:
  18. We can find total utility by:
  19. Equilibrium of a firm represents maximization of profits as well as:
  20. If the commodity is normal then Income Effect (I.E) is:
  21. The slope of budget line shows the price ratios of:
  22. The effects according to which people use those goods which are concerned with distinctive standard…
  23. Which of the following curves is a rectangular hyperbola?
  24. The expansion point is attained by joining:
  25. The total utility is gained by consuming:
  26. Rent is a creation of value, not of wealth who made this observation?
  27. When AC curve falls, MC curve falls:
  28. Income distribution effects:
  29. The long-run AC curve is constructed from:
  30. The average product is given as: