Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 1, Problem 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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