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Toby Is Hunting for a New Apartment

Question 72

Multiple Choice

Toby is hunting for a new apartment.He is specifically looking for one that is located in the heart of the city and should be available for $600 per month.However,Toby is also willing to pay up to $850 per month for a place situated slightly away from the city centre.According to him,the second option "will also do." This is an example of ________.


A) experience-based decision making
B) rational decision making
C) bounded rationality
D) intuitive decision making

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