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April 26, 2017 

AmosWEB means Economics with a Touch of Whimsy!

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260.7

Help us compile the AmosWEB Free Lunch Index. Tell us about your last lunch.

Skipped lunch altogether.
Bought by another.
Ate lunch at home.
Brought lunch from home.
Fast food drive through.
Fast food dine in.
All-you-can eat buffet.
Casual dining with tip.
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Greatest Ben actor?

Kingsley.
Affleck.
Stiller.
Johnson.
Vereen.
Murphy.

DOW JONES AVERAGES: These are the most widely used and recognized indexes of stock market prices in our economy. There are actually three separate indexes, for (1) 30 industrial stocks, (2) 20 transportation stocks, and (3) 15 utility stocks. There's also a composite index for all 65 stocks.

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The AmosWEB Free Lunch Index is designed to track the state of the economy based on the neverending pursuit of a "free lunch." While there is, of course, no such thing as a "free lunch," what with limited resources and unlimited wants and needs, that doesn't keep us from trying. A higher Free Lunch Index means a better economy. The Free Lunch Index can range from 0 to 800.

Help us compile the Free Lunch Index by providing your lunching activities each day. You have a choice from among nine alternatives:

  • Skipped lunch altogether.
  • Bought by another.
  • Ate lunch at home.
  • Brought lunch from home.
  • Fast food drive through.
  • Fast food dine in.
  • All-you-can eat buffet.
  • Casual dining with tip.
  • Fancy upscale with tip.
Your choice will be combined with other AmosWEB patrons to compile the index. Submit your choice daily. Check back often.
Current Headlines
AVERAGE FACTOR COST AND MARGINAL FACTOR COST

A mathematical connection between average factor cost and marginal factor cost stating that the change in the average factor cost depends on a comparison between average factor cost and marginal factor cost. For perfect competition, with no market control, marginal factor cost is equal to average factor cost, and average factor cost does not change. For monopsony and other firms with market control, marginal factor cost is greater than average factor cost, and average factor cost rises.

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Fact 3: Our Unfair Lives

Across the interstate from the Mega-Mart Discount Warehouse Super Center resides the Shady Valley Central Town Sprawling Hills Shopping Mall -- a prime example of our economy's climate-controlled, suburban shopping phenomenon. Our pedestrian's ramble through the economy would be totally inadequate if we did not spend at least one day strolling past the endless rows of stores with their displays of clothes, shoes, electronics, clothes, luggage, clothes, cheese pretzels, and of course clothes. Our pedestrian trip, however, is not concerned with the products exhibited beyond the stylish glass windows. No, our jumping off point is the gadzillions of people who pass us by, bump into us, get in our way, and generally make our shopping experience comparable to a commuter train during the rush hour.

Those who comprise the shopping crowd are short, tall, young, old, fat, thin, black, white, happy, and sad. More importantly for our present discussion, however, is that some are rich and some are not-so-rich. A few of the wealthier shoppers actually buy the products framed by the picturesque windows that line the air-conditioned quaint mid-way of Shady Valley Central Town Sprawling Hills Shopping Mall. Others must be content to ogle the prominently displayed products or perhaps buy an occasional cheese pretzel.
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APLS

State of the ECONOMY

U 6 Unemployment
November 2016
9.3% Down a little
Includes those who have given up looking. BLS

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BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either pink cotton balls or a genuine down-filled comforter. Be on the lookout for the last item on a shelf.
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This isn't me! What am I?

The average bank teller loses about $250 every year.
"Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. "

-- Steve Jobs, Apple Computer founder

RTA
Regional Trading Arrangement
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