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rosijanka [135]
1 year ago
6

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insig

hts into our behavior can be gained by assuming that we act as if governed by the rules of___________ decision making.
Business
1 answer:
rusak2 [61]1 year ago
7 0

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.

It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.

The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.

Rational decision-making examples include:

● A student chooses what to study in his post-secondary education.

● A commercial choice regarding what to buy for the company.

To know more about decision-making refer to:

brainly.com/question/1249089

#SPJ4

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Answer:

The answer is: A) Autocratic

Explanation:

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3 years ago
Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its servi
Anastaziya [24]

Answer:

Radically innovative.

Explanation:

In this scenario, Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its service, which will require the company to have several technicians on call. Links hopes this practice will give it an advantage over the competition, none of which have adopted such a practice. Links Cable Network is introducing a radically innovative change.

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4 0
3 years ago
Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4
Ivenika [448]

Answer:

Reconciled balance for both bank and cheque book statement is $2,572.51

Explanation:

To find the reconciled balance, we start of with reconciling the bank statement with cheque book statement

Bank statement

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8 0
3 years ago
What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and
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Answer:

Perfect Competition

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3 years ago
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