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tekilochka [14]
3 years ago
14

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. So

me neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as:
A. rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
B. greedy because he is asking for a high wage that some of his neighbors can't afford to pay.
C. selfish because he is asking for a wage that is higher than others might charge.
D. irrational because some neighbors refused his offer.
Business
1 answer:
Flura [38]3 years ago
6 0

Answer:

A) rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

Explanation:

One of economics basic premises is that human beings are rational and act on self interest. That describes both the behavior of consumers who will always try to maximize their benefits at the lowest possible cost, and entrepreneurs like Alex who will try to increase their wealth by identifying and satisfying other people's needs and wants.

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Answer:

c. Persistent excess capacity

Explanation:

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8 0
3 years ago
What is the effect of a buyer’s failure to comply with the statute of limitations recognized by the Uniform Commercial Code for
lubasha [3.4K]

Answer:

The buyer has agreed to waive his warranty rights by agreeing the clause of waiving the warranty rights under the contract.  

Explanation:

If the buyer and the seller agrees on the term that the risks and the rewards coming onwards would belong solely to the buyer and there will be no warranty claims acceptable related to this product. This is the limitation of the application of the Unifrom Commercial Code.

8 0
3 years ago
the accounts receivable account has a total debit postings of 1900 and credit postings of 1100.The balance of the account is a/a
hram777 [196]

Answer:

$800 Debit.

Step by step explanation:  

We have been given that the accounts receivable account has a total debit postings of 1900 and credit postings of 1100.

Since debit postings are more than credit postings, so the balance of the account will be debit.

Let us find how many debit postings will be in the balance of account by subtracting 1100 from 1900.

\text{The balance of the account}=1900-1100

\text{The balance of the account}=800

Therefore, the balance of the account is a $800 debit.

8 0
3 years ago
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Why is cash flow important to government entities? How does an administrator plan for cash flow? What tools are available for th
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Answer:

Cash flow is important to government entities because:

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An administrator can plan for cash flow using a Cash Flow Planner.

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Cheers!

6 0
3 years ago
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Answer:

why now when people still need help alot of help

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