Note: The answer should be typed. Answer the following questions and submit to theappropriate space on Canvas.1. Mark Watney is in a rather disastrous situation -stranded on Mars with little hope of rescue andfew resources to survive. Watney can use his time andequipment to grow potatoes or distillclean water. If he uses all of his available resources, hecan grow 2 pounds of potatoes an hour. IfWatney uses all of his resources to distill clean water, hecan distill 1 gallon per hour. He isslightly injured, so to help heal himself, he chooses not towork more than 10 hours out of every24 hours.A) Draw Watney's production possibilities curve/frontierfor one day's worth of production. Besure that you include units on the axes.B) What is Watney's opportunity cost for 1 gallon ofwater?C) What accounts for the shape of the PPC? In otherwords, what type of opportunity cost doesWatney's situation demonstrate?D) Illustrate on your graph from part A what wouldhappen if Watney used his engineeringskills to improve the efficiency of his water distillationefforts allowing him to distill largerquantities of water.

A) Draw Watney's production possibilities curve/frontier for one day's worth of production. Be sure that you include units on the axes. B) What is Watney's opportunity cost for 1 gallon of water? C) What accounts for the shape of the PPC? In other words, what type of opportunity cost does Watney's situation demonstrate?

A) Draw Watney's production possibilities curve/frontier for one day's worth of production. Be sure that you include units on the axes. B) What is Watney's opportunity cost for 1 gallon of water? C) What accounts for the shape of the PPC? In other words, what type of opportunity cost does Watney's situation demonstrate?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 6SCQ: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a...

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6.On a production possibilities frontier, produ ction is efficient if the production point is Gaseballs 200 150 MENL202 ABDAL AYMENL20211 B 100 ABDAL ANA DALLAH AENL20211 AYMENL20211 50 GANA ABDALLAH AYMENL20211 GANA ABDALLAH 100 200 ALLAH Figure 2-6 300 400 Bananas ALLAH AYMENL20211 CANA AYMENL20211 ABDALLAH GANA AYMENL20211 GANA ABDALLAH AYMENL20211 ABDALLAH AYMENL20211 A inside the frontier. on or inside the frontier. C outside the frontier. D on the frontier. ANA DALLAH GANA RDALLAH GANA BDALLAH GANA RDALLAH GANA ADALLAH
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Use this table to answer the next question. Anne and Charity are both engineers who can create roads or tunnels each year. The roads and tunnels they create are of equal, standard quality. The following table describes their maximum outputs per year. Roads Tunnels 10 2 Anne 4 Charity 8 What could Anne build with the time and other resources it takes her to build one tunnel? 1/2 road 5 tunnels 2/5 road 1/5 tunnel. 2 roads
I openvellu mathxl.com/Student/PlayerHomework.aspx?homeworkld3611294898&questionld3D18&flush M Gmail ITMG 1B Econ 2100 vork z/Test E Homework: Basics ... H C Question 18, 1.1 Questio... Lars can initially produce 20 pizzas or 2 cakes. After some training from a pizza-making expert, his opportunity cost of making O A. 1 cake will become equal to 0 pizzas O B. 1 cake will become more than 10.00 pizzas. O C. cakes will remain unchanged. O D. 1 cake will become less than 10.00 pizzas.
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Task No 1 In an island with a tropical climate, four people are living. They collect coconuts and turtle's eggs. Everyone collects either 30 coconuts or 15 turtle's eggs per day. a) Draw the production possibility curve of this island. Сосоnuts 360 300 240 180 120 60 15 30 45 60 75 90 Turtle's eggs b) Supposing that some technique is brought to the island. It will help to each of four working inhabitants to collect 40 coconuts per day. Show on the graph how the production possibility curve of this island will be shifted.
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Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?