Which of the following is a positive question?
A) What are the returns to education?
B) Can a monopoly ever be good for society?
C) Is there value in putting yourself in someone else's shoes?
D) Are companies like Nike exploiting workers in the developing world?
Question 2
What is the analytically correct way to allocate joint costs or to determine the specific costs of products produced jointly (such as the view and the food from a restaurant with an excellent view)?
A) By comparing marginal costs
B) By comparing all costs other than sunk costs
C) By subtracting the total costs from the total revenue
D) By using the prevailing interest rate to discount the stream of expected future costs and benefits
E) There is no analytically correct way to do so.
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