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PHOTO ESSAY:THINKING LIKE AN ECONOMISTEconomics in My Community
Christopher Graham
PIZZA HUT
Goods and Services: Pizza
WingsBreadOther FoodsFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerOvensOpportunity Cost:Preparing a meal at home.Trade-Offs:Going to college to get a culinary degree, or business degree.
KROGERGoods and Services: Fruits
VegetablesMeatsCanned GoodsSmall ToysUtility ItemsFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerOvensTrucks for shipmentsOpportunity Cost:Starting a farm to get fresh produce
and vegetables.Trade-Offs:Gaining more income than you would
by owning a farm.
SHELL GAS STATIONGoods and Services: Gasoline
Air for TiresVacuum CleanerCar WashFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerFueling StationsCar Wash StationVacuum and Air pumpOpportunity Cost:Riding a bicycle instead of a car.Trade-Offs:Going to college to earn a degree in
automotive skills.
JIFFY LUBEGoods and Services:
Car repairsOil ChangesTire ChangesCar Tune-Ups
Factors of Production:Parking lotBuildingEmployeesCash RegistersManagerCar LiftsToolsGarageOpportunity Cost:Sell your car instead of getting it
repaired. Trade-Offs:Going to college to earn a degree in
automotive skills.
DAY CAR CENTERGoods and Services:Day-Time Child CareAdult Super VisionFactors of Production:
Parking lotBuildingEmployeesManagerDiapersTables and ChairsSnacksBeveragesPlay GroundOpportunity Cost:Bring your child to work instead of
taking them to day care.Trade-Offs:Going to college to earn a degree in
child care.