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nydimaria [60]
4 years ago
15

Jacob went to the grocery store to buy breakfast cereal. He picked up a few cereal boxes to look up their ingredients. However,

after going through a few boxes, he gave up and picked two different cereal boxes at random. He did not think that collecting information about his options was worth his time. Jacob's decision is an example of _____.a. an affect-based decision
b. an attribute-based decision
c. bounded rationality
d. instrumental rationality.
Business
1 answer:
andriy [413]4 years ago
4 0

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.

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Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili
RUDIKE [14]

Answer:

a. rise; rise

Explanation:

When demand is increased the demand curve shift to the right. In the short run supply curve has not adjusted so it will intersect demand curved at new equilibrium point with higher price and higher quantity (price)

3 0
3 years ago
Beacon Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual re
eduard

Answer:

B. $215 million 

Explanation:

The present value of the payment can be found by discounting each cash inflow by the 6% discount rate.

The present value can be found using a financial calculator:

The cash flow for year one = $89

The cash flow for year two = $58

The cash flow for year three = $42

The cash flow for year four = $32

The cash flow for year five = $25

All cash flows are in millions

I = 6%

NPV = $214.87 Million

I hope my answer helps you

3 0
4 years ago
Explain the differences between local and foreign commercial bank. 10 marks​
Delvig [45]

Answer:Local banks have a multicultural way of looking at things, and are often much stronger in key economies like China as compared to their foreign counterparts. ... Foreign banks are often regarded as better employers for their higher remunerations and wider range of opportunities.

Explanation:

5 0
3 years ago
Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income
8_murik_8 [283]

Answer:

The correct answer is Resources of the company equal creditors' and owners' claims to those resources.

Explanation:

It can be used to determine that the income or income of the consumer is exactly equal to the expense (purchase) of goods, for the determined period of consumption. In other words, by adding the value spent on the acquisition of goods "x" and goods "y". To have such values it is enough to multiply the number of possible units to acquire - in each of the points - by their respective price and then add them; This can be done at any point in the price line.

4 0
4 years ago
Effective teams (1) function so well they create their own magnetism, (2) are interested in others' success as well as their own
MariettaO [177]

Answer:Only statements 1 and 2 are correct

Explanation: An effective team involves people who interact with each other to accomplish certain goals or meet certain needs. Team members work intensely with each other to achieve a specific, common goal or objective. This therefore attracts other people to them, that is magnetism. In as much as they look out to achieve their goals, they are also interested in others' success.

7 0
3 years ago
Read 2 more answers
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