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a. Discuss the advantages and disadvantages of using a Markov Switching model instead of dummy variable to capture structural breaks.
b. In a Markov Switching Model, what is the difference between increasing the number of regimes and increasing the order of the Markov chain? Which one will you choose to improve the forecasting performance of a first-order Markov switching model with two regimes for GDP growth rate? Why?
Assume that for a perfectly competitive firm marginal revenue equals rising marginal cost at 100 units of output. At this output level, the firm's total fixed cost is $600 and its total variable cost is $400. If the price of the product is $10 per un..
suppose a monopolist faces the following demand curvep 596 - 6q. if the long run marginal cost of production is
write 400-600 words that respond to the following questions with your thoughts ideas and comments.conduct research
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food.
Explain why ethics is important to all types of organizations (business, government, non-profit, etc.).Evaluate the concept of ethics in society. Then, compare and contrast the ethical perspectives of business and government. Analyze the fundamental ..
These multiple choice problems are relate to Economics. The riest problem is about lobbying and extension of patents are examples of inefficiency and the second problem is about marginal cost curve and average variable cost curve intersecting.
Construct a table showing the average variable, average total, and marginal costs of paper cup production. Show your work or embed an Excel spreadsheet into your file showing the formulas you used.
Monopolies are inefficient because A. a monopoly firm must compete, and competition is expensive B. a monopoly firm will always produce where price is equal to average total cost C. inefficiency is a barrier to entry D. a monopoly firm has no ince..
If a 3-percent increase in the price of corn flakes causes a 6-percent decline in the quantity demanded, what is the elasticity of demand?
Analyze each macroeconomic model discussed in Chapter 13 to determine which model you believe is viable across the greatest number of economic situations. Explain your rationale.
Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response.
Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be wi..
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