1. Food central makes and serves fresh croissants every morning at 1.00 to students and staff at a university. The university is located very close to the city centre so customers can decide to buy fresh croissants from any other shop before arriving at the university, making Food centrals demand level uncertain. The demand levels and daily contribution analysed over the last three months are shown in the payoff table below:

If Food central adopts maximax approach, what is the variable cost per unit and how many croissants will they choose to supply daily? [3 marks]

2. In no more than 100 words discuss the terms opportunity cost and sunk cost in decision making using relevant costs in a business context as an example. [5 marks]

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please note that is very important for me to have a good, accurate, and completely true answer to have the full mark. please I want the answers as soon as possible.

1. Food central makes and serves fresh croissants every morning at 1.00 to students and staff at a university. The university is located very close to the city centre so customers can decide to buy fresh croissants from any other shop before arriving at the university, making Food central's demand level uncertain. The demand levels and daily contribution analysed over the last three months are shown in the payoff table below: Demand Supply 200 croissants 400 croissants 550 EO 200 croissants 400 croissants 550 croissants 100 100 100 croissants -75 125 200 200 275 If Food central adopts maximax approach, what is the variable cost per unit and how many croissants will they choose to supply daily? [3 marks] 2. In no more than 100 words discuss the terms 'opportunity cost' and 'sunk cost' in decision making using relevant costs in a business context as an example. (5 marks] Supply 400 croissants Demand 200 croissants 550 croissants 100 fo -75 200 croissants 400 croissants 550 croissants 100 200 125 100 200 275