A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or...
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Transcript of A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or...
![Page 1: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/1.jpg)
A consumer is anyone who buys a good or a service.
A producer is anyone who sells or makes a good or a service.
![Page 2: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/2.jpg)
![Page 3: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/3.jpg)
![Page 4: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/4.jpg)
![Page 5: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/5.jpg)
![Page 6: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/6.jpg)
•The process of choosing one good or service over another•The item that you don’t pick is the opportunity cost
•The good or service you decided to pick
![Page 7: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/7.jpg)
Miss Johnson went to the store because she had $25 to spend on something for herself. She picked out a pair of shoes and a sweater. Miss Johnson decided to buy the pair of shoes.
![Page 8: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/8.jpg)
![Page 9: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/9.jpg)
Andy had $30 to spend at the toy store, he really liked the skateboard and the basketball. He decided to buy the skateboard instead of the basketball.
![Page 10: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/10.jpg)
![Page 11: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/11.jpg)
Sam had enough money for either a stuffed rabbit or a bike. He decided to buy the bike because then he could ride bikes with his friends after school.
![Page 12: A consumer is anyone who buys a good or a service. A producer is anyone who sells or makes a good or a service.](https://reader036.fdocuments.net/reader036/viewer/2022070610/5a4d1ba87f8b9ab0599c9f47/html5/thumbnails/12.jpg)