If savers do not have fixed savings goals, the supply curve of loanable funds will generally be

Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?

A) $2,300 B) $12,080 C) $32,445 D) $80,483

As output increases, economies of scale occur when the

A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant. E) long-run fixed cost decreases.