The federal funds rate is closely tied to many interest rates on many types of loans. Which one is the exception?

For each of the following cost functions, find MC, AC, and AVC

a. TC = 20,000 + 10 Q b. TC = 18,000 + Q + 0.2 Q2

For this question, assume that a country experiences a permanent reduction in its saving rate. Which of the following will occur as a result of this reduction in the saving rate?

A) a permanently slower growth rate of output B) no permanent effect on the level of output per capita C) a permanently lower level of output per worker D) both A and B E) both B and C