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Suppose Atlantis is a small, isolated island in the South At…

Suppose Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for potato production, there are fewer resources available for catching fish. Untitled.jpg a. Atlantis producers want to produce 500 pounds of fish and 800 pounds of potatoes? Is this point efficient, inefficient, unattainable? [BLANK-1] b. What is the opportunity cost of increasing the annual output of potatoes from 600 to 800 pounds? [BLANK-2] pounds of [BLANK-3] c. What is the opportunity cost of increasing the annual output of potatoes from 200 to 400 pounds? [BLANK-4] pounds of [BLANK-5] d. What do the answers for (b) and (c) tell you about the opportunity cost depicted in this PPF? Is it constant, increasing, or decreasing? [BLANK-6] e. Based on your answer for part (d), would the shape of the PPF be straight, bowed out, or bowed in? [BLANK-7]

For the following examples, type in the type of function of…

For the following examples, type in the type of function of money that is being used: Type in: me: medium of exchange sv: store of value ua: unit of account Juan keeps his savings in the form of U.S. Treasury Bonds   [BLANK-1] A store clerk labels his products with prices in dollars   [BLANK-2] You pull up at a gas station and purchase some gas.   [BLANK-3] You pull up at a gas station and tell the cashier to, ‘put $15 dollars on the #3 gas pump.’   [BLANK-4] You trade some dollars to get some bitcoin.   [BLANK-5]