The Tobit model relies crucially on normality and heteroskedasticity in the underlying latent variable model.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: The Tobit model relies crucially on normality and homoskedasticity in the underlying latent variable model. Under heteroskedasticity, using a Tobit model is inefficient.
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Refer to the table below. The marginal benefit of the 6th unit of activity is:Units ofActivity TotalCostTotalBenefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $7 B. $1 C. $2 D. $4
By 2015, spending on federal health care programs such as Medicare and Medicaid had grown to 6 percent of GDP
Indicate whether the statement is true or false
The short run is the time period during which
A. all of the firm’s costs are fixed. B. the value of the firm’s assets starts to decay. C. the firm can adjust all inputs freely. D. some of the firm’s input decisions are constrained by previous commitments.
A higher price level __________ the real value of purchasing power of the publics accumulated savings and balances
What will be an ideal response?