Photo Essay ProjectAllison Reeves

Summer Economics 2014

Grocery StoreGoods and Services:FoodRestroomsEveryday – Household SuppliesFactors of Production:Lots of land (big stores/room for expansion)CashiersCustomer Services WorkersManagersSales ClerksLots of ShelvesOrganizedPopular – lots of money to save/investBuildingRecent TechnologiesOpportunity Cost:Going to organic markets/Growing food from homeTrade – Off:Not being able to spend lots of time with family because the owner/manager is always working.

Restaurants Goods and Services:Sit down mealFoodDrinkFactors of Production:TablesSilverwareManagerWaiters/WaitressesBartendersChairsItalian FoodBuildingLightsStovesOpportunity Cost:Eating at home or, when celebrating something, going over to a friend’s house for dinnerTrade – Offs:The owner/manager may have worked long hours and had no time to build a family for him/herself.

Gas Stations Goods and Services:GasolineRestroomsFactors of Production:BuildingGas PumpsCementManagersPaintCashiersOpportunity Cost:Taking the bus or subway to work rather than driving yourself.Trade – Off:Owners/Managers could go to college or go work someplace higher up like a restaurant in order to obtain more money in the end.

Hotels Goods and Services:Place to SleepBreakfastRestroomsFactors of Production:BuildingBedLightingTechnologyMaidsDesk ClerksManagerJanitorsOpportunity Cost:Sleeping at a friends house or in your car when traveling.Trade – Off:Manager may not feel the need to be around all the time and may go do leisure activities such as spending time with family.

Medical BusinessesGoods and Services:Medical Services –

Check upsEmergency Room

Factors of Production:BuildingHigh End TechnologyDoctorsNursesJanitorsCafeteriaCleaning SuppliesOpportunity Cost:Staying at home when sick – refusing to go to the doctor.Trade – Off:Doctors don’t have much free time and will either refrain from staring a family or not spend much time with family.

SourcesWalmart: voices.suntimes.comOlive Garden: lauren-tblog.blogspot.comQuik Trip: patdollard.comDoubletree: www.bio.brandeis.eduNorthside Hospital:

http://artplumbing.com/project-gallery/