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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Kidnappers can’t be rational because no rational person would be a kidnapper. Comment.

To determine

Express the comment based on the theory of rational behavior of kidnapper.

Explanation

According to the theory of rational criminal behavior, the criminals think and act based on the cost and benefits. The rational behavior of a common individual is to think and work sensibly to achieve their objectives. Assume that the kidnappers have different interest and they maximize their utility based on their choice...

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