In 1898, President McKinley sent the U.S. battleship Maine to protect American citizens and interests in Cuba. Shortly after arrival in Havana Harbor, the USS Maine unexpectedly exploded! The sinking of the USSMaine killed 263 U.S. sailors and shocked American citizens at home. No one knew why the USS Maine exploded.
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<span>Jerry's indifference curves would be straight lines with slope minus one.
An indifference curve is a plot of several curves on an x-y graph where the points in this case represent packages containing a certain amount of Coke and a certain amount of Pepsi. If Jerry wants 10 L of cola and cannot tell the difference between Coke and Pepsi, he will accept any combination of these two sodas as long as the total volume is 10 L. The corresponding points all satisfy the equation x + y = 10, therefore the graph of x + y = 10 may be drawn in an indifference chart.</span>
When people make choices that will give them the greatest amount of satisfaction at a particular time based on the information they have at their disposal, it is called rational self-interest.
Rational self-interest is likewise a issue of Smith's Invisible Hand principle. With rational self-interest, Smith counseled that humans act rationally when making choices concerning their price range or monetary blessings which also have a effective have an impact on at the economic system.
What's the difference among rational self-interest and selfishness?
That is the primary difference among rational self-interest and selfishness. In essence, selfishness involves satisfying your own desires at the cost of others. Wholesome rational self-interest is genuinely taking care of yourself but now not at the rate of others.
What is rational self-interest?
Each character tries to maximize the anticipated gain achieved with a given fee or to reduce the anticipated fee of reaching a given gain.
Learn more about rational self-interest here:- brainly.com/question/27873704
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