The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>
<h3>What are cognitive limitations?</h3>
Cognitive limitations are the human and information processing restrictions imposed on decision-making. The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions. They cause errors in decision-making.
The implication of Jill's action is that she might be making the wrong decisions.
<h3>Answer Options:</h3>
A) cognitive limitations.
B) optimal decision making.
C) the illusion of control.
D) escalating commitment.
Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.
Learn more about cognitive limitations at brainly.com/question/13649097
Answer:
c. Neglecting the Other Side’s Problems.
Explanation:
To be an effective negotiator one must understand what his interest is and what he can compromise and the limits to what can be given to the other party (that is no-deal options).
It is even more important to understand the other parties problem. This can be used to guage their interest and how it can be met.
Not considering the counterparty problem is a mistake the negotiating team have made. If the other partie's problem is not understood then there won't be an effective way of negotiating.
The answer for Blank 1: C. total value of the money supply
The answer for Blank 2: D. number of citizens.
GDP per capita describes the average economic output that a single citizens had produce in a certain year.
In order to calculate this, we need to find out the total value of the money supply by adding total Consumption, investments, Government spending, and net export. After this, we divide the total value of the money supply with the number of populations in a country to find the average economic output.
Answer:
C) the market price falls below $170 per unit.
Explanation:
If this firm is a price taker, it means that it is operating in a perfect competition market. In such markets, since the entry and exit barriers are very low or nonexistent, if the equilibrium price falls below the variable cost, the firms should halt production in the short run until the equilibrium price rises again. The firm should resume production only after the equilibrium price exceeds the variable costs.
This situation is only applicable on the short run. On the long run the firm should only produce if the equilibrium price is greater or equal to its marginal cost.
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