Answer:
Option "C" is the correct answer to the following situation.
Explanation:
Bounded rationality is the concept that we make informed decisions but within the constraints of the information available to each other and our intellectual capacity.
Bounded rationality is the belief that the wisdom of people in decision-making is restricted by the knowledge they have, the logical capacities in their brains and the small number of hours they need to make a decision.
Therefore, option "C" is correct answer
Answer:
The correct answer is option A.
Explanation:
The price of good A is initially at $11.
The initial demand of A is 400 units.
The price increases to $33.
The demand of A , as a result, falls to 200 units.
The demand for good C is initially at 150 units.
With increase in price of A, the demand rises to 250 units.
The positive cross elasticity as given in the figure represents that the two goods are substitutes. When price of A increases, consumer will prefer its cheaper substitute. So, the demand for good C will increase.
1. Maybe they just decide that they want to live in a quiet, peaceful area.
2. They want their children to grow up in a better environment.
3. If you have the money, why not lol.
Answer:
A. 300
Explanation:
the difference in demand and the closing inventory
= 1000 - 900
= 100
And 20% of the demand (2000) = 200
the safety stock = 200 + 100
= 300
Therefore, The the beginning inventory is 300.