When a person makes a choice that is close to but not exactly the one that leads
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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 she is:
A. making an irrational decision.
B. usually ignores opportunity costs.
C. being overconfident.
D. operating with bounded rationality.
Related Book For
Statistics for Business and Economics
ISBN: 978-0321826237
12th edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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