Ms. Goodman Economics - Spring 2016 13 January 2016

1. PHOTO ESSAY:
MODULE 1
Jessica Brannigan
Ms. Goodman
Economics – Spring 2016
12 January 2016

2. Chick-Fil-a
■ Goods and Services
– Food (sandwiches, salads, nuggets, etc.)
– Drink (milkshakes, sodas, tea, etc.)
■ Factors of Production
– Cooks,Cashiers, Managers,Owner,Janitors
– Food and drink ingredients
– Stove/grills/fryers/soda machines
– Tables & chairs, cleaning supplies
– Land, building, paving
■ OpportunityCost
– If I wantChickfila breakfast I have to wake up early to get it before the
breakfast time ends.The OC of having breakfast there before their breakfast
closes would be more sleep.
■ Trade Off
– The owner could use the money for a child’s college fund rather than
investing in a business.
http://wichitaonthecheap.com/free-chick-fil-a-veterans-day/

3. Racetrac
■ Goods and Services
– Gas
– Food/drink (snacks, lunches, frozen yogurt)
– Restrooms
– Air for tires
■ Factors of Production
– Cashiers, Managers, Owner,Janitors
– Food and drink
– Frozen yogurt machines
– Tables & chairs, cleaning supplies
– Land, building, paving
– Gas pumps
■ Opportunity Cost
– The time I stop for gas cost me time on my way to my actual destination.The OC is
a faster commute time.
■ Trade Off
– The man or woman opening a Racetrac could have simply chosen to invest his or
her money in the stock market instead of in a business.
http://www.mypalmbeachpost.com/news/business/racetrac-
building-bigger-stores-expanding-in-flori/nWyNt/

4. Target
■ Goods and Services
– Clothes
– Groceries
– Video games
– Office supplies
■ Factors of Production
– Cashiers, Managers, Owner, Janitors
– All items in goods and services
– Land, building, paving
– Shelves, lights, computers
■ OpportunityCost
– The time I spend shopping atTarget could be time I spend doing my
homework so my OC is my homework.
■ Trade Off
– The man or woman opening aTarget could have chosen to open any
other type of store like a Costco.
http://www.knuj.net/files/2015/11/TargetStore.jpg

5. American Eagle
■ Goods and Services
– Clothes
– Shoes
– Accessories
■ Factors of Production
– Cashiers, Managers, Owner
– Land, Paving, Building
– Computers
– Shelves, hangers
■ OpportunityCost
– The time I spend shopping at American Eagle could be time I spend with
my friends so my cost is my time with friends.
■ Trade Off
– The man or woman opening an American Eagle could have chosen to
spend more time with his or her family rather than running a business.
https://en.wikipedia.org/wiki/American_Eagle_Outfitters

6. Papa Johns
■ Goods and Services
– Pizza
– Breadsticks
– Cookies
■ Factors of Production
– Cashiers, Managers, Owner, Cooks
– Land, Paving, Building
– Computers
– Pizza ingredients, Pizza ovens, Pizza boxes, delivery cars
■ OpportunityCost
– I spend money on Papa Johns therefore I cannot spend that money at
another restaurant or to buy something else.
■ Trade Off
– The man or woman opening a Papa Johns could have chosen to have less
stress in their life but they chose to own a business so the trade off is a
life of owning a business in hopes of making money rather than a life of
less stress.
http://kycir.org/files/2015/08/1024px-2009-03-
20_Papa_Johns_Pizza_in_Durham.jpg