Alex sees that his neighbors\' lawns all need mowing. He offers to provide the s

Question

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as:

rational self-interest, because he attempting to increase his own income by identifying and satisfying someone else's wants. irrational, because some neighbors refused his offer. greedy, because he is asking for a high wage. selfish, because he is asking for a wage that is higher than others might charge.

Explanation / Answer

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as:

rational self-interest, because he attempting to increase his own income by identifying and satisfying someone else's wants.-correct answer
irrational, because some neighbors refused his offer.
greedy, because he is asking for a high wage.
selfish, because he is asking for a wage that is higher than others might charge.

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