ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423548
Author: William A. McEachern
Publisher: Cengage Learning
Question
100%
Chapter 1, Problem 2.3PA
To determine

The reason for people making charitable contributions of time and money, when their behavior is governed by rational self-interest.

Concept introduction:

Rational self-interest means every person tries to maximize the benefit or to minimize the associated cost.

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