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Answer the following questions and submit to the appropriate space on Canvas. I. Mark Watney is in a rather disastrous situation - stranded on Mars

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Answer the following questions and submit to the appropriate space on Canvas. I. Mark Watney is in a rather disastrous situation - stranded on Mars with little hope of rescue and few resources to survive. Watney can use his time and equipment to grow potatoes or distill clean water. If he uses all of his available resources. he can grow 2 pounds of potatoes an hour. If Watney uses all of his resources to distill clean water, he can distill I gallon per hour. He is slightly injured, so to help heal himself, he chooses not to work more than 10 hours out of every 24 hours. 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 I gallon of water!() What accounts for the shape of the PPC! In other words, what type of opportunity cost does Watney's situation demonstrate! D) Illustrate on your graph from part A what would happen if Watney used his engineering skills to improve the efficiency of his water distillation efforts allowing him to distill larger quantities of water. 2. Richard Proenneke is fed up with modern life and decides to move to rural Alaska and live alone in the wilderness. He spends his time gathering blueberries and fishing for trout. Richard's tools are not equally suited for blueberry gathering and fishing, some are better for blueberries and some tools are better for fishing. He can gather blueberries and catch fish in the following combinations, depending on how he divides his time each day. Blueberries Fish caught (pints gathered) 45 0 4 35 8 24 12 16 A) Draw Proenneke's production possibility curve/frontier for blueberries and fish. Be sure to include units on the axes.B) Proenneke decides to gather 40 pints of blueberries and catch 4 fish. What is the per-unit opportunity cost of producing those first 4 fish! In other words, how many blueberries does each of the first 4 fish cost in terms of blueberries! [Hint: figure out how much blueberry and fish production is changing and use those numbers in the per-unit opportunity cost formula.] C) Explain why the production possibilities curve is bowed outward from the origin. D) Proeppeke has a friend bring him a berry-picking rake (look it up, it's a thing...) that lets him dramatically increase his blueberry-picking abilities. Using the graph you drew in part A. sketch the new Proenneke's new PPC.Klingons and Romulans 3. The production possibilities curves below give the alternatives available to two alien species that are producing warp drives and Romulan ale, using equal amounts of resources. Klingons are from Kronos and Romulans are from Romulus. Warp Drives Romulus" PPC Kronos" PPC 10 20 Romulan ale A) Calculate the opportunity cost of producing a warp drive on Romulus. B) Calculate the opportunity cost of producing Romulan ale on Kronos. C) Which species has the comparative advantage in warp drive production?

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