To answer the questions accurately, let's analyze the data presented in the table to determine the opportunity costs.
### Day 2: Opportunity Cost of Producing 70 More Bagels
On Day 1, Raj produces:
- 600 doughnuts
- 70 bagels
- 50 croissants
On Day 2, Raj produces:
- 500 doughnuts
- 140 bagels
- 50 croissants
From Day 1 to Day 2, the production of bagels increased by 70 (from 70 to 140). We need to determine the impact on the production of doughnuts and croissants. By comparing the quantities:
- Doughnuts decreased by [tex]\( 600 - 500 = 100 \)[/tex] units.
- Croissants remained the same, with no change in quantity.
Thus, the opportunity cost of producing 70 more bagels on Day 2 is:
- 100 doughnuts
- 0 croissants
### Day 3: Opportunity Cost of Producing 50 More Croissants
On Day 2, Raj produces:
- 500 doughnuts
- 140 bagels
- 50 croissants
On Day 3, Raj produces:
- 500 doughnuts
- 70 bagels
- 100 croissants
From Day 2 to Day 3, the production of croissants increased by 50 (from 50 to 100). We need to determine the impact on the production of doughnuts and bagels. By comparing the quantities:
- Doughnuts remained the same, with no change in quantity.
- Bagels decreased by [tex]\( 140 - 70 = 70 \)[/tex] units.
Thus, the opportunity cost of producing 50 more croissants on Day 3 is:
- 0 doughnuts
- 70 bagels
