Answer: The correct answer is "c. bounded rationality".
Explanation: Jacob's decision is an example of bounded rationality, because according to the theory of limited rationality, people make decisions only partially in a rational way because of our cognitive, information and time constraints.
Answer:
Bradford's estimated variable manufacturing overhead cost is $127,200
Explanation:
The cost function=$83,000+$12M
where M stands for machine hours required to produce the expected output in the month under review.
Each one-six unit case of Bradford's single product requires two machine hours,hence 5,300 cases would require 10,600 hours(5,300*2hrs).
Total estimated variable manufacturing overhead=cost per machine hour*expected number of machine hours
cost per machine hour is $12 as seen in the cost function
estimated variable manufacturing overhead=$12*10,600=$127,200
If specialization and outsourcing can harm domestic workers, the countries still engage in trade because the gains from trade far outweigh the costs, and the economy benefits overall.
Outsourcing is the business practice in which a party is hired outside any company to perform services and to create goods that were traditionally performed and produced in-house by the company's own employees and staff.
Outsourcing is a practice which is usually undertaken by companies as a measure of cost-cutting . As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.
To know more about outsourcing here:
brainly.com/question/14202035
#SPJ4
