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13) Refer to the information provided in Scenario 1 below to answer the following questions. SCENARIO 1: Consider the following data for the harvest of crabs versus the harvest of

fish off the coast of Virginia in answering the following questions. a) Find the opportunity cost of the first fifteen crabs. b) What is the economic significance of 25 fish captured and 25 crabs captured?Hint: efficient or inefficient or unattainable or etc... c) Explain how this economy might be able to produce 45 fish and 45 crabs? d) If this economy is currently producing 30 crabs and 40 fish how is it possible for it to produce more of both? e) Assume this economy could either be at Point B or Point C. From which of these points is it costlier to produce more crabs? Explain your answer.

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