What is one reason consumers might demand a discount for quantity purchases?

If output per worker in a steady state is $30,000, depreciation is 13%, the population growth rate is two percent, and the saving rate is 20%, what is the steady state capital-labor ratio?

A) $10,500 B) $85,714 C) $22,500 D) $40,000

Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If the price of burger increases, which of the following bundles are in Max's opportunity set?

A) b, d, e B) d, e C) a, b, c, d, e D) None of the labeled points are in Max's opportunity set.