Economics 101

Tanhaa · January 30, 2002, 1:38pm

A concrete-truck driver moved to Texas and bought a donkey from an old
farmer for $100. The farmer agreed to deliver the donkey the next day.

The next day, the farmer drove up and said, “Sorry, but I have some bad
news. The donkey died.”

“Well, then, just give me my money back.”
“Can’t do that. I went and spent it already.” “OK, then. Just unload the
donkey.”
“What ya gonna do with him?”
“I’m going to raffle him off.”
“You can’t raffle off a dead donkey!”
“Sure I can. Watch me. I just won’t tell anybody he’s dead.”
A month later the farmer met up with the readi-mix driver and asked,
“What happened with that dead donkey?”
“I raffled him off. I sold 500 hundred tickets at two dollars apiece and
made a profit of $898.”
“Didn’t anyone complain?”
“Just the guy who won. So I gave him his two dollars back.”