Multiple Choice
Which of the following is an example of bounded rationality?
A) Ann proofreads her term paper six times.
B) Mary feels that she has studied enough to make an A+ on her economics exam but studies another two hours just to be sure.
C) Tim studies only an hour on the morning of his economics exam because he is satisfied just to make a passing grade.
D) Terry does his economics homework twice to be sure that he has a thorough understanding of the topic.
Correct Answer:
Verified
Correct Answer:
Verified
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