Multiple Choice
Which statement 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 2 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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