Rational self-interest play in economic analysis

Assignment Help Business Economics

Reference no: EM13816155

What role does rational self-interest play in economic analysis?

A. It is assumed that the rational self-interest assumption is much stronger than the incentive assumption.

B. It is assumed that individuals act as if they are motivated by self-interest and respond predictably to opportunities for gain.

C. It is assumed that individuals act as if they are motivated by self-interest and this makes individuals unpredictable.

Reference no: EM13816155

Questions Cloud

One of the limitations of five forces is that : One of the limitations of Five Forces is that: Industries with high barriers to entry. Low cost strategies are usually found in industries where. Cigarettes - Price Elasticity of demand = - 0.67

Each stage of the general adaptation syndrome : Cindy is a college freshman, taking psychology. She made a D on the first test covering three chapters; and she is trying to figure out what went wrong. She highlights in her book as the teacher lectures; and she got up at 5:00 a.m., skipped breakfas..

Subsidise high technology industries-tax heavily gasoline : Why do most governments subsidise high technology industries and tax heavily gasoline? Explain with diagram. What are common resources? Give one examples. Why is whale, but not cow, threatened with extinction?

Rokeach values survey : Utilize the "Rokeach Values Survey" to help you determine your values hierarchy, which will assist you in the development of your personal model of leadership. After ranking the values according to the instructions, identify your top three terminal v..

Rational self-interest play in economic analysis : What role does rational self-interest play in economic analysis?

Differences between at least two sects of the islamic : Discuss the main similarities and differences between at least two sects of the Islamic religion. Discuss the overall role of women in the Islamic religion. Name at least two ways in which the role of women is different in Islam from the role of wome..

Replace human labor entirely with robotic inputs : Under the cost minimization rule, when will a firm employ only human labor? Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?

The field assignment : Post here the questions you would like to ask the professional you plan to interview for the Interview a Professional in the Field assignment. Your questions don't have to be finalized. Part of the purpose of this discussion is so classmates can hel..

Producer surplus and total surplus of market for groceries : Use a diagram to show the consumer surplus , producer surplus and total surplus of the market for groceries in this small town. Now suppose these small supermarkets successfully form a cartel which behaves like a monopoly, How does this cartel affect..

User Account

All Pages