A person who makes decisions that are "merely good enough" is called a(n)
a. optimizer.
b. rational person.
c. satisficer.
d. maxi-minimizer.
c
Economics
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In the above figure, what is the equilibrium level of real consumption spending?
A) $3.0 trillion B) $0.0 trillion C) $1.0 trillion D) $2.0 trillion
Economics
The demand curve a monopolist faces
a. is more elastic than a perfectly competitive firm's demand curve b. is the market demand curve c. is as elastic as a perfectly competitive firm's demand curve d. is not affected by the prices of complements e. will not shift in response to a change in consumer tastes
Economics