This document analyzes different businesses in terms of economic concepts. It describes the goods and services, factors of production, opportunity costs, and tradeoffs for Chick-fil-A, RaceTrac, Azalea Nails, South Forsyth Animal Hospital, Kroger. For example, it notes that Chick-fil-A's goods and services include chicken biscuits and lemonade, and that the manager of RaceTrac traded opening a restaurant for a gas station location.

1. T H I N K I N G L I K E A N
E C O N O M I S T
A S H LY N K L O D A

2. C H I C K - F I L - A
• Goods and Services: chicken
biscuits, lemonade, restrooms,
fruit cups, and iced tea
• Factors of Production: land in
The Collection Forsyth, drive-
thru, cashiers, managers, etc.
• Opportunity Cost (of getting
breakfast in the morning): I’m
late to school
• Tradeoff: Manager gave up
valuable family time to open
this restaurant

3. R A C E T R A C
• Goods and Services: gas,
slushies, boiled peanuts,
lottery tickets, etc.
• Factors of Production: gas
pumps, plot of land across
from The Collection, slushy
machines, cashiers, etc.
• Opportunity Cost (of getting
gas): could have carpooled
with a friend and saved money
• Tradeoff: Manager gave up his
dream of opening a restaurant

4. A Z A L E A N A I L S
• Goods and Services:
manicures, pedicures,
facials, waxing, etc.
• Factors of Production:
massage chairs, nail polish,
waxing strips, manicurists,
• Opportunity Cost (of
getting nails done):
getting your hair done
• Tradeoff: Manager gave up
her dog-grooming job

5. S O U T H F O R S Y T H
A N I M A L H O S P I TA L
• Goods and Services: animal
MRI’s, grooming, boarding,
treatment, etc.
• Factors of Production: plot of
land, trained veterinarians and
technicians, MRI machines,
cages, medication
• Opportunity Cost (of boarding
your pet): getting your
neighbor to watch it
• Tradeoff: Manager gave up
opening a veterinary office in
the city for a suburban location

6. K R O G E R
• Goods and Services: Lucky
Charms, frozen pizza,
gasoline,ice cream, vegetables,
bagging your groceries
• Factors of Production: plot of
land, parking lot, gas pumps,
coolers/freezers, ovens, etc.
• Opportunity Cost (of going to
Kroger): going to Costco and
buying bulk
• Tradeoff: Manager wanted to
work at Publix

7. P I C T U R E S O U R C E S
• rabbit.org
• snopes.com
• qnailspamiami.com
• patch.com
• www.pixus.com