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Microeconomics Review questions #1

Question:

When economists say that people act rationally in their self interest, they mean that individuals?

Answer:

look for and pursue opportunities to increase their utility.
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Last update by Roger on 02/03/2013
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Microeconomics Review questions  1
Microeconomics Review questions #1
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Question: When economists say that people act rationally in their self interest, they mean that individuals?
Answer: look for and pursue opportunities to increase their utility.