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makkiz [27]
3 years ago
5

bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this

leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?
Business
1 answer:
gayaneshka [121]3 years ago
7 0

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

Learn more about rationality on:

brainly.com/question/2992155

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Maksim231197 [3]
D) all of these...............
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3 years ago
n the early 1980s, new legislation allowed banks to pay interest on checking deposits, which they could not do previously. If we
DiKsa [7]

Answer:

  • Aggregate demand would have decreased

Explanation:

According to the traditional economic theory and the IS-LM model: As people will deposit more money to earn interest rate aggregate demand would have decreased .  Increase in money demand increases interest rate that decreases aggregate demand.

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3 years ago
AI Rubber is one of four suppliers of molded rubber products and has a 45% market share. The market for its products is shrinkin
igomit [66]

Answer:

(B) a cash cow

Explanation:

<u>It growth rate is decreasing, but their market share is high. It is a cash cow</u>

This means it is a division which generates cash. It proceeds should be used to generate stars.

<u>Start: high market share high growth</u>

It will be a division with their growth increasing, in this case is decreasing.

<u>question mark: high growth low market share</u>

Al Rubber is the complete opposite, its market share is high and it growth is decreasing.

<u>dog: low growth low market share</u>

While the growth is low, the market share is high, so it is not a dog.

3 0
4 years ago
Which term best represents the results of many years of experimental evidence?
posledela
The answer to this question is the term Theory. A theory is a set of assumptions that is said to be true an correct. A theory can be used as an explanation to a certain problen and this beliefs can sometimes be not yet proven.
3 0
3 years ago
A seller listed her residence with a broker. The broker brought an offer at full price and satisfying terms of the listing from
schepotkina [342]

Answer:

The correct answer is owes commission to the broker.

Explanation:

The remuneration of real estate agents, in most transactions, is carried out as follows:

Two agents participate in the transaction: the one that represents the seller and the one that represents the buyer; It is the seller of the property responsible for paying the commission, which generally ranges between three percent (3%) and six percent (6%) on the sale price, and which is often divided into parts equal between both agents.

The homebuyer in most cases does not pay any commission to the real estate agent.

It is normal for the owner to try to sell his real estate directly, without hiring the real estate agent, based on the belief that this saves six percent (6%) of the commission charged by this professional; and it does not notice that in reality the direct sale supposes for the owner some expenses that, for the most part, equal that percentage; and, expenses which, are assumed by the real estate agent; being some of them, those mentioned above such as: Cost of printed advertising (flyers, brochures, "open-houses"), selection of potential buyers, visits to real estate; in short, a series of activities that translate into a benefit for the seller, insofar as the real estate agent assumes responsibilities that have not only an economic value, but a security and time value that prevents it from eventual stressful situations and risk to your person and your family group.

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