Which of the following is a behavioral implication of bounded rationality?

How does the open-economy IS-MP model incorporate net exports with a floating exchange rate system?

What will be an ideal response?

Which statement best illustrates the concept of diminishing marginal utility?

A. As one consumes more hamburgers per week, one would be willing to pay a higher price for additional hamburgers B. Some consumers will receive less satisfaction from consuming hamburgers than from consuming fried chicken C. A typical consumer will receive less satisfaction from consuming the fourth hamburger than from the third hamburger in a week D. A decrease in the price of hamburgers will cause consumers to buy more hamburgers because they can afford to buy more