Which term best characterizes a decision that has bounded rationality?

Just good enough

Explanation:

Rationality limitation is a term used to describe situations where a person's decision making is limited because that person has information in limited quantities that is not sufficient to determine a full decision, so the decision is no longer fully rational. The term "just good enough" is a term that characterizes a decision that limits rationality. In this case, an individual did not have enough information to decide whether something is really good or bad, so the individual had to conclude that something is "just good enough."

a. formula: f=ma or f/m=a

10,000n/1,267kg≈7.9m/

b. formula: a= and s=d/t

speed= 394.6/15

s=26.3m/s

a=

a=1.75m/

c. 7.9-1.75=difference of 6.15m/

d. the force that most likely caused this difference is friction forces

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.