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Photo essay

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Economics Photo Essay

Economics Photo Essay

Published in: Business, Self Improvement

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  • 1. Photo Essay: Thinking Like an Economist By: Angeline “Angie” Jones
  • 2. Dakota Blue (A family restaurant)  Goods and Services: ~ Burgers ~Hot dogs ~ Tacos ~ Soft Drinks ~Salads  Factors of Production: ~ Manager ~ Waiters/Waitresses ~ Custodial Staff ~ Tables and chairs `~ Kitchen ~ Food that Is produced  Opportunity Cost: Eating at home
  • 3. Dakota Blue (cont.)  Trade off: ~The manager may miss his children's soft ball games when doing an extra shift in the restaurant.
  • 4. Barnes and Noble  Goods and Services ~ ~ Books ~Magazines ~ DVDS ~CDS ~ Coffee ~Pastries  Factor of Production: ~ Manager ~Custodial Staff ~ Cashiers ~ Staff book stockers ~ Café cashiers/blenders ~ blenders ~ book shelves
  • 5. Barnes and Noble  Opportunity Cost: ~ Not having a book for an assigned class in school.  Trade Off: ~ One of the cashiers might miss a semester of college .
  • 6. Shell Gas Station  Trade off: ~ Going to Harvard School of business
  • 7. Shell Gas Station  Goods and Services: ~ gasoline ~ snacks ~ restroom  Factors of Production : ~ Gas pumps ~ Corner Lot ~ Manager ~ATM ~ cashiers ~ Manager  Opportunity Cost: ~ Walking to your friends house
  • 8. Grant Central Pizza  Goods and Services: ~ Pizza ~ Soups ~ Soft Drinks ~Salads  Factors of Production: ~ Manager ~ Waiters/Waitresses ~ Custodial Staff ~ Tables and chairs `~ Kitchen ~ Food that Is produced  Opportunity Cost: ~Eating at your moms house on a lonely Saturday night 
  • 9. Grant Central Pizza  Trade off: ~ One of the cashiers might have to miss her nephews wedding for overtime.
  • 10. Ben and Jerry’s Ice Cream Parlor  Goods and Services: ~ Ice Cream ~ Shakes ~ Frozen Yogurt ~ Tubes of single Ice cream ~ Soft drinks  Factors of production: ~ Ice cream maker ~ tubes ~ Refrigerator ~ Thermostat ~ Cashiers/ waiters ~ Manager
  • 11. Ben and Jerry’s Ice Cream Parlor  Opportunity Cost: ~ Eating bland rice cakes  Trade off~ The cashier might gain weight from complementary ice cream during the job.
  • 12. Source Credits  Ben and Jerry’s : http://www.fotolibra.com/gallery/768589/georgia-atlanta- airport-ben-and-jerrys/  Grant Central Pizza: http://www.imperfectparent.com/topics/2012/02/17/pizzeria- asks-parents-to-control-their-kids-amid-negative-yelp-reviews/  Shell gas station: http://www.dividendamerica.com/wp/182/gas-station- financing-loans-for-gas-stationconv  Barnes and Noble: http://store-locator.barnesandnoble.com/store/2204  Dakota Blue: http://eastatlanta.patch.com/groups/police-and- fire/p/vandals-hit-dakota-blue-restaurant

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