Decision makers who try their best for rationality but are ...

[haleyc112]

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]

Answer to Question 1

C

Answer to Question 2

True