What Makes A Storekeeper

1) Answer: a = Selena pays a storekeeper $1 for quart of milk.
Storekeeper (revenue $1) -------Markets for Goods and Services--------Selena (spending $1)
Goods sold Goods bought

b = Stuart earns $4.50 per hour working at a fast-food restaurant.
Factors of Production (labor) -------Markets for Factors of Production -------Stuart (labor)
(Fast-food restaurant wage $4.50) Income ($4.50)

c = Shanna spends $30 to get a haircut. Haircut salon (revenue $30) ---Markets for Goods and Services-----Shanna (spending $30) Goods sold (a haircut) goods bought (got a haircut)

d = Salma earns $10,000 from her 10 percent ownership of Acme Industrial.
Buxani 3

Factors of Production (land) ----Markets for Factors of Production----Salma (10% ownership)
In order to increase the production of butter some of the resources need to be taken from gun production, and since these resources are not too well suited for the production of butter and that is why not much butter is produced. The resources cannot be moved freely from one production to another production. b = Any point that is outside the curve is impossible to achieve; and any point that is inside the curve is possible. This shows inefficiency as this is due the resources not being used to its maximum