Question
The bounded rationality model can be used in the
following situations except when __________Solution
TheĀ bounded rationality modelĀ of decision making recognizes the limitations of our decision-making processes. According to this model, individuals knowingly limit their options to a manageable set and choose the first acceptable alternative without conducting an exhaustive search for alternatives.Ā When information on alternatives can be gathered and quantified, a rational decision-making modelĀ is used so as to maximize the quality of their outcomes.
Rs.10800 was divided among A, B and C in the ratio 2:3:4. B kept Rs.1200 for himself, gave Rs.800 to his mother and divided the remaining money among hi...
The sum of three numbers is 202. If the ratio of the first to the second is 3:5 and that of second to the third is 7:9 then the second number is?Ā
Two numbers are respectively 30% and 40% more than a third number. Find the ratio of two numbers.
The sum of three numbers is 324. If the ratio of the first to the second is 4:5 and that of second to the third is 7:9 then the second number is?Ā
In a class, the ratio of number of boys to number of girls is 10:7. If 5 boys joined the class and 3 girls left the class, then the ratio becomes 5:3. F...
There are 850 students in four houses of a school i.e. (red, white, yellow and blue) . Ratio of number of students in red house to that in blue house is...
Two numbers are in the ratio 6:5. After adding 2 and 4 to them respectively the ratio becomes 2:3. Find the bigger number.
Number of faculties in Physics and Biology in an institute is in the ratio of 5:8 respectively. If 120 more faculties join Physics, while 64 more facult...
The ratio of the number of English books to Hindi books in a library shelf is 4:3. If 90 Hindi books are written by Pradeep, which constitutes 30% of th...
An integer 'p' is added to each of 7, 15, 27 and 45 so that the resulting numbers will be in proportion in given order only. Find the value of '(p + 4)'.
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