Most microeconomic models assume that decision makers wish to
A) make themselves as well off as possible.
B) act selfishly.
C) make others as well off as possible.
D) None of the above.

Question

Quizplus · Accepted Answer

Most microeconomic models assume that decision makers are motivated by self-interest and seek to make themselves as well off as possible. This assumption is known as rational self-interested behavior or "rational egoism".

Most Microeconomic Models Assume That Decision Makers Wish to