Question

Juan was ready to purchase a new car and was excited by the prospect. To prepare for this​ event, Juan went to the bank to be​ pre-approved for a​ loan, visited local dealerships to look at cars and​ prices, narrowed down the cars he​ liked, and then purchased the one that had the lowest price. This would be an example of​ _______________.A. satisficingB. the rational decision making modelC. alternative decision makingD. integrative​ decision-making modelE. ideal decision making model

Answer 1

B. the rational decision making model

Step-by-step explanation:

This would be an example of rational decision, backed by microeconomic theory. According to this theory, economic agents are rational, that is, they tend to make choices that maximize their survival at the lowest possible cost. This is what Juan did, he selected some cars that brought him the same satisfaction, and among these he chose the lowest cost. A rational decision.