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Author Question: Decision makers who try their best for rationality but are constrained by limited information and ... (Read 82 times)

haleyc112

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on: Jun 30, 2018
Decision makers who try their best for rationality but are constrained by limited information and processing abilities are referred to as:
 a. irrational.
  b. partially rational.
  c. boundedly rational.
  d. perfectly rational.

Question 2

If all consumers had identical preferences, then their marginal utility schedules would be the same.
 a. True
  b. False
  Indicate whether the statement is true or false


josephsuarez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


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