ECON MICRO (with ECON MICRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
ECON MICRO (with ECON MICRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
5th Edition
ISBN: 9781305631946
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 1, Problem 2.3P
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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