5 pt Question 8 It is said that the rational consumer will act according to thei

Question

5 pt Question 8 It is said that the rational consumer will act according to their self-interest, and that self-interest can include a concern for one's family and friends, but not often society as a whole. Which of the following illustrates this type of decision? The boat rental was worth the fish caught Our time was very valuable at that moment, but we stopped to put out the fre before it spread. O Renting of recreational vehicles for use in national parks is responsive to the price charged, but not to concerns of noise pollution

Explanation / Answer

Option 3

The statement speaks about the personal motive of benefit derived by hiring the vehicle and ignoring the social cost of avoiding the concerns of noise pollution involved in the process.

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