Human beings are self-interested

Assignment Help Business Economics
Reference no: EM131387213

The phrase in the text, 'human beings are self-interested, not selfish' means that:

a. people are never selfish

b. people never act in a spiteful or belligerent manner.

c. people never act in a fit of rage

d. people contribute to charities and they help others

e. people care only about themselves and their families

Reference no: EM131387213

Questions Cloud

Explain how the job-loss and job-finding processes : The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary: explain how the job-loss and job-finding processes will differ from the situation when the labor ..
What is your opinion of moral hazard concerns : Should government help the large banks and brokerage firms and "bail them out" of these bad loans? How much help should be given to borrowers who are in trouble with their mortgages? What is your opinion of “moral hazard” concerns?
Should passengers motion to suppre seize evidence be grant : Should the passenger's motion to suppress the seized evidence be granted? Your Unit 4 IP assignment is a written assignment and Not a video assignment.
Free market price does not cause deadweight loss : Draw a supply and demand curve combination where the imposition of a maximum price that is below the free market price does not cause a deadweight loss. Explain in detail why there is no deadweight loss in your example.
Human beings are self-interested : The phrase in the text, 'human beings are self-interested, not selfish' means that:
The category compensation of employees : The category “compensation of employees” doesn't capture the full income of labor because:
Write a summary for ikeas globalization : Write a summary page for the presentation. Executive Summary It should be well presented with good content and should cover all the topics in the presentation
Determine the equilibrium level of output in the market : Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $180. The inverse market demand for this product is P = 1000 -2Q. Determine the equilibrium level of output in the market. Determine the eq..
Increase the rent on rent-controlled/ stabilized apartments : Assume that Mayor DeBlasio has decided to increase the rent on rent-controlled/ stabilized apartments as a way to increase the number of apartments available for rent in New York City. Do you expect the elasticity of supply to influence the success o..

Reviews

Write a Review

Business Economics Questions & Answers

  Drive profits to zero in perfectly competitive markets

Describe the factors that drive profits to zero in perfectly competitive markets in the long run. Explain carefully the incentives that drive the market to a long run equilibrium.

  Consumer is choosing between red wine and white wine

Say a consumer is choosing between red wine and white wine. The price of red wine is 20 and the price of white wine is 10. If the marginal rate of substitution is 1, and if red wine is on the horizontal axis then the consumer is purchasing:

  Recover his opportunity cost of making the loan

Tom is a mushroom farmer. He invests all his spare cash in additional mushrooms, which grow on otherwise useless land behind his barn. The mushrooms triple in weight during their first year, after which time they are harvested and sold at a constant ..

  Anything about the average annual rate of growth

A. not say anything about the average annual rate of growth. B. concludes that its average annual rate of growth is about 5.5 percent. C. concludes that its average annual rate of growth is about 2 percent. D. concludes that its average annual rate o..

  Homogeneous good produced by perfectly competitive firms

Consider a world with two countries, H and F. H is the importer of a homogeneous good produced by perfectly competitive firms and F is the exporter (so both countries are “large”). Draw 3 graphs, one for H and one for F and one for the world market, ..

  Calculate change in both consumer and producers surplus

Weekly inverse demand function is P=296-7Q, weekly inverse supply function is P=17+2Q. Find equilibrium price & quantity & solve for consumer & producers surplus. Then tax of $27 per equanimity is collected by supplier, solve for new consumer and sup..

  Accounts receivable turnover ratio-days sales outstanding

Norwood Corp. currently has accounts receivable of $1,406,000 on net sales of $5,312,000. What are its accounts receivable turnover ratio and days’ sales outstanding (DSO)? Laurel Electronics has a quick ratio of 1.38, current liabilities of $4,480,1..

  Analysis of the existing wan for acme medical center

Write a 3- to 4-page paper based on your analysis of the existing WAN for Acme Medical Center that describes:

  What is breakeven level of income in case-welfare benefit

Suppose the welfare benefit formula is Benefit=$4,800-0.67(wages>$6,000) what is the marginal tax rate on The first 6,000 of wages? Wages above 6,000 How large is the benefit if wages equal $0? $4,000 and $4,800, $9000 and 7,000? What is the breakeve..

  What do you make of the razor wars

What do you make of the razor wars, first between Gillette and Schick, and now with online competitors? Does Gillette face a serious threat from competitive inroads? Explain.

  Influence strategic planning and sales forecasting

Innovation activities influence strategic planning and sales forecasting. Is there a single best generalized innovation strategy that will optimize strategic planning and sales forecasting? If yes, explain the strategy. If no, explain why not

  Gain in consumers surplus

Illustrate what is the gain in consumer's surplus for ABC fan that can get these sweaters at Target instead of at the ABC.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd