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mr Goodwill [35]
3 years ago
8

Abigail is shopping for a new copier for her company. She has set her price range between $5,000 and $6,000. The copier must han

dle a minimum of 10,000 copies per month and have a useful life expectancy of five years. If Abigail selects the first copier she finds that meets these criteria, we would say she is_______________.
A.using intuition
B.using perfect rationality
C.using bounded rationality
D.satisficing
Business
1 answer:
expeople1 [14]3 years ago
7 0

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

You might be interested in
Omega Inc. expects its net income to be $525,000 this year. The firm's dividend payout ratio is 60 percent. The firm is financed
REY [17]

Answer: $700,000

Explanation: Retained earnings is the amount of earnings left with the company after paying for dividends of common stockholders.

Retained earnings break even can be computed as follows :-

Break\:even=\frac{retained\:earnings}{equity\:ratio}

where,

retained earnings = net income (1- payout ratio)

                              = $525,000 (1 - 60%)

                              =  $210,000

therefore,

Break\:even=\frac{210,000}{0.3}

=$700,000

3 0
3 years ago
It's important to note that sometimes private solutions to externalities do not work. For example, this occurs when an excessive
Arlecino [84]

Answer:

It describes the problem of transaction costs and negotiation.

Explanation:

Externalities are situations that arise when the activities of an organization affects another for good or bad, but with the first organization that caused the change, receiving no benefits (if it was a positive change), or bearing no costs (if it as a negative change).

Ronald Coase proposed some theories about the possible solutions to externalities. One of them is negotiation between the two parties involved. The problem with this solution is the high costs of transaction that could be spent before an agreement is reached. The number of people involved in the negotiation could also be a problem.

4 0
3 years ago
How long can foodborne illnesses last
Helga [31]

Answer: Symptoms begin 2 to 10 days after becoming infected, and may last 1 to 2 weeks.

Explanation:

3 0
3 years ago
Assume that the price elasticity of demand for movie theatres is 20.85 during all evening shows but for all afternoon shows the
zalisa [80]

Answer:

d. Need more information.

Explanation:

Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes.

When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.

The numbers presented by the question show a highly elastic demand for theater ticket prices in both cases, especially in the afternoon shift. Thus, the theater could lower the price of both, because in elastic demands, a negative variation in price will increase the demand. However, this is not enough to calculate profit maximization since the profit calculation formula also involves costs, which are not described in the question.

8 0
3 years ago
Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest i
emmasim [6.3K]

Answer:

c. $326,948

Explanation:

we must determine the market price of the bonds:

market price = PV of face value + PV of coupons

  • PV of face value = $300,000 / (1 + 2%)¹⁰ = $246,104.49
  • PV of coupons = $9,000 (coupons) x 8.9826 (PV annuity factor 2%, 10 periods) =   $80,843.40

total market price = $326,947.89 ≈ $326,948

since the market rate is lower than the coupon rate, the bonds should be sold at a premium.

3 0
3 years ago
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