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March 1, 2024 

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HOT MONEY: Financial capital that quickly moves from one financial asset to another in search of or with expectations of higher interest rates and return. Hot money can move from one bank to another or from one country to another. For banks, hot money usually refers to deposits that exceed FDIC insured limits that bounce around from bank to bank as interest rates change. For countries, hot money refers to financial capital that quickly leaves one country due to exchange rates, interest rate differentials, or economic turmoil, or the threat of war.

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FREE LUNCH: The consumption of hunger-satisfying food products during the middle of the day, usually around the noon hour, the acquisition of which imposes no opportunity cost on society. Given the fundamental problem of scarcity (the combination of limited resources and unlimited wants and needs), the acquisition of hunger-satisfying food products without imposing an opportunity cost on others is not possible.

     See also | consumption | satisfaction | opportunity cost | free good | free resource | limited resources | unlimited wants and needs | scarcity | TANSTAAFL |


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FREE LUNCH, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: March 1, 2024].


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MARGINAL FACTOR COST, PERFECT COMPETITION

The change in total factor cost resulting from a change in the quantity of factor input employed by a perfectly competitive firm. Marginal factor cost, abbreviated MFC, indicates how total factor cost changes with the employment of one more input. It is found by dividing the change in total factor cost by the change in the quantity of input used. Marginal factor cost is compared with marginal revenue product to identify the profit-maximizing quantity of input to hire.

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Today, you are likely to spend a great deal of time at the confiscated property police auction looking to buy either throw pillows for your bed or a package of blank rewritable CDs. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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Lombard Street is London's equivalent of New York's Wall Street.
"The human race has only one really effective weapon and that is laughter."

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