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Chapter 1: Q 1 (page 11)

Could it be the case that chicken farmers who have both humanitarian and profit motives for keeping their chickens comfortable nonetheless are fully "self-interested"? Explain.

Short Answer

Expert verified

Yes, they are fully self-interested because the chickens will lead to more profits which are the criteria for keeping them healthy.

Step by step solution

01

Step 1. Definition of Economics.

Economics refers to the satisfaction of wants by choosing among various alternative uses.

02

Step 2. Reason.

Yes, they are fully self-interested because the chickens will lead to more profits which are the criteria for keeping them healthy. In this case humanitarian and profit-making are self-interested as they are for the benefit of the market.

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