Question

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as:_______________.

Answer 1

Answer:

This is the complete question with options

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

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:

Alex is regarded as a rational self - interest individual  because  his decision   focuses on his own monetary benefits which also influences the environment in which he is, in the sense that he is helping his neighbor mow their lawns.