Grocery Store
Transcript: Goods and Services: vehicle registration, issuing licenses and IDs, driving records, title transfers, bills of sale Factors of Production: land, building, computers, attendants Opportunity Cost: time spent waiting in line Trade Off: manager gave up another job managing a restaurant DMV Goods and Services: gas, snacks, drinks Factors of Production: cashiers, gas pumps, gas, land, building, food and drink machines, food and drinks Opportunity Cost: money, environmental hazards Trade Offs: the gas station is open 24/7 and sometime the manager must sacrifice sleep if there is an emergency late at night Grocery Store Book Store by Saisha Gupta Goods and Services: used books, new books, items made by local vendors Factors of Production: books, cashiers, land, building Opportunity Cost: time spent reading a book could have been used to watch a movie or TV show Trade off: manager often works overtime and misses time with children pic: http://www.yelp.com/biz_photos/juice-bar-johns-creek-johns-creek?select=6Yjwz52M2A9u3ZJus70VLA Economics Photo Essay Goods and Services: freshly made juice, health cleanses, vegan snacks Factors of Production: cashiers, juicing machines, fruit and vegetables, land, building, seats and tables Opportunity Cost: eating food that tastes better but is less healthy Trade Off: owner spent a considerable amount of her own savings in establishing the business pic: https://urbanstl.com/forum/viewtopic.php?t=10117&start=15 Juice Bar Gas Station Goods and Services: groceries, cosmetics, pharmacy, bakery, deli, Factors of Production: land, building, food, cashiers, bakers, pharmacists, shipments of stock (food, drinks, snacks, supplies) Opportunity Cost: spending your money on other things Trade off: manager is spending time working when he could be on vacation. pic: http://www.chattanoogaradiotv.com/general/new-publix-opens-on-old-freudenburg-store-site/ pic: http://www.read-it-again.com/contact-us pic: http://www.dds.ga.gov/locations/dllocations.aspx?csc=58