Atlantis is a small, isolated island in the south atlantic. the inhabitants grow potatoes
and catch fish. the table below 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
maximum annual output quantity of potatoes quantity of fish (pounds)
options
(pounds
a
va
800
600
500
xo
600
200
675
a. draw a production possibility frontier with potatoes in the horizontal axis and fish
on the vertical axis illustrating these options, showing points a-f.
b. can atlantis produce 500 pounds of fish and 800 pounds of potatoes? explain.
where would this point lie relative to the production possibility frontier?
what is the opportunity cost of increasing the annual output of potatoes from 600
to 800 pounds?
d. what is the opportunity cost of increasing the annual output of potatoes from 200
to 400 pounds?
e explain why the answers to parts cand d are not the same? what does this imply
about the slope of the production possibility frontier?

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Which of the following has the largest impact on opportunity cost