Raj wants to expand his bakery business to include bagels. In one hour of work, Raj can make 60 doughnuts or 30 bagels. Use the drop-down menu to complete the production possibility schedule.
The correct answer is 1) 20. 2) 120. 3) 60.
The opportunity cost is the benefit or value that is given in order to get something else. So it is when you get something for another thing. It is like a trade-off. You gain something that you like but at the same thing, you are leaving behind another good option.
