0
Add your answer:
Earn +20 pts
What best explain why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What best explains why considering opportunity costs is a rational thing for consumers do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What is the non equilibrium model?
The non equilibrium model says that communities are constantly changing after being affected by disturbances.
How does cost-volume-profit model accommodate nonlinear costs and revenues?
non-linear costs and revenues are ignored by the model
What is the best characterizes the factors invovled in a cost benefit analysis?
Rational
2 Explain any two models of decision-making process Which model best characterizes your organizations or an organization you are familiar with decision process cite examples to justify your answer?
The two methods are rational model and non-rational models. Rational models requires managers to use a four-stage sequence in making decisions. Non-rational models try to focus on how decisions should be made. Pharmaceutical companies preferÊnon -rational models because they assume that decision making is uncertain.
Is considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Is considering opportunity costs is a rational thing for consumers to do what?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What explains why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Is a fraction always a rational number?
No, a fraction such as 22/7 (approximately pi), is a non-terminating, non-repeating fraction, making it irrational.
What best explain why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What best explains why considering opportunity costs is a rational thing for consumers do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Are all non-terminating decimals irrational?
0.3333... non-terminating = 1/3 (rational) 0.1666... non-terminating = 1/6 (rational) 0.0666... non-terminating = 1/15 (rational) 0.1111... non-terminating = 1/9 (rational) 0.3636... non-terminating = 4/11 (rational) 0.428571428... non-terminating = 3/7 (rational) I guess not .
Why do humans make logical errors in problem solving and decision making?
humans do logical errors in problem solving and decision making because of non-existence of sufficient ....WISDOM.
Which of the following best explains why considering opportunity cost is a rational thing for consumer to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices
What is non integral rational numbers?
It is a rational fraction.
What are the strength and weakness of rational choice?
Strengths of rational choice theory include its emphasis on individual decision-making, ability to explain a wide range of behaviors, and application in various fields such as economics and political science. Weaknesses include assumptions of full information and rationality, overlooking social influences on decisions, and limitations in explaining altruistic or non-self-interested behavior.
