1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sertanlavr [38]
3 years ago
15

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 asA. 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:
soldier1979 [14.2K]3 years ago
7 0

Answer:

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

Explanation:

Traditional economic theory is based on three fundamentals, the first one being we are all rational consumers or suppliers.

Alex is trying to earn some money, completely rational and intelligent. He is able to do it by satisfying his neighbors´ need for lawn mowing.

Is he greedy? Probably yes, but he is still rational. No one is forced to pay his fee, so his also rational neighbors will decide if the price is correct or not. Those who believe the price is correct will hire him. If someone believes his is charging too much and that they can offer the same service for a lesser price,  should show up and offer their cheaper services.

Can people who buy a 25 million dollar car be considered irrational? No they can´t, because for them is probably an investment or they simply have  tons of money and like extremely expensive cars. What one person considers expensive may be considered cheap by someone else.

You might be interested in
3. What role did CDS play in the financial crisis?
ehidna [41]

Just like an insurance policy, a CDS allows purchasers to buy protection against an unlikely event that may affect the investment. ... During the financial crisis of 2008, the value of CDS was hit hard, and it dropped to $26.3 trillion by 2010 and $25.5 trillion in 2012.

7 0
3 years ago
As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue
Dafna11 [192]

Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.

What is a balance sheet?

A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.

The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.

As a result, option (b) is correct.

Learn more about on balance sheet, here:

brainly.com/question/26323001

#SPJ1

6 0
2 years ago
The graphic would indicate a market that is
olasank [31]

Answer:

yes it would

Explanation:

6 0
2 years ago
When the budget is in deficit, the government generally:
IceJOKER [234]
When the government is in deficit, it A) increases the public debt.

Hope this helps! :)
4 0
3 years ago
Read 2 more answers
Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
emmainna [20.7K]
True !! Can I be marked as brainliest ?!
8 0
3 years ago
Other questions:
  • With reference to a basic OB model, ________ are determined in advance of the employment relationship and refer to variables suc
    13·1 answer
  • A commercial bank sells a treasury bond to the federal reserve for $100,000. (assume that all proceeds from this bond sale are l
    11·1 answer
  • Which of the following tasks would be very difficult using only a keyboard and text?
    7·2 answers
  • Work in Process Inventory
    15·1 answer
  • Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d.
    6·1 answer
  • Which of these statements is true regarding women in the united states workforce?
    7·1 answer
  • It is now January 1, 2013, and you are considering the purchase of an outstanding bond that was issued on January 1, 2011. It ha
    15·1 answer
  • Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,
    6·1 answer
  • Mr. Sumit Grover owns an ancestral house in Goa. On the advice of his friend, he converted it into a hotel
    11·1 answer
  • _______ is considered the marketspace that bring lenders and borrowers together.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!