Answered step by step
Verified Expert Solution
Question
1 Approved Answer
calculate using actual values to solve formulas of the following problem questions; User 1. Suppose that you have one domestic production facility that supplies both
calculate using actual values to solve formulas of the following problem questions; User 1. Suppose that you have one domestic production facility that supplies both the domestic and foreign markets. Assume that the demand for your product in the domestic market is Q = 900 2P, and in the foreign market, demand is given by Q = 3000 6P . Assume that your domestic marginal cost of production is 200. All prices and costs are in real terms. If the real exchange rate is 2, what are your optimal prices and quantities sold in the two markets? 2. You are asked to evaluate the performance of two forecasting companies specializing in CHF/MXN. Below is their recent performance: Company Correct Up Forecasts Correct Down Forecasts Delta Mega Data 90 15 Prism Algorithm 40 60 while CHF/MXN went up for 120 times, and went down for 90 times. Based on the Henriksson-Merton measure, which company has a better performance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started