Question
When a person makes a choice that is close to but not exactly the one that leads to the best possible economic outcome, he or
When a person makes a choice that is close to but not exactly the one that leads to the best possible economic outcome, he or she is:
A. making an irrational decision.
B. usually ignores opportunity costs.
C. being overconfident.
D. operating with bounded rationality.
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Statistics For Business And Economics
Authors: James T. McClave, P. George Benson, Terry T Sincich
12th Edition
032182623X, 978-0134189888, 134189884, 978-0321826237
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