Final answer:
The algorithm that runs in reasonable time is Algorithm III, which accesses only the first 10 elements of the list, regardless of its size.
Step-by-step explanation:
The algorithm that runs in reasonable time is Algorithm III, which accesses only the first 10 elements of the list, regardless of its size. This is because the time complexity of accessing a constant number of elements does not increase with the size of the list. On the other hand, Algorithms I and II both have time complexities that depend on the size of the list.
For Algorithm I, accessing each element in the list twice has a time complexity of O(2n) or simply O(n) - linear time. This means that as the size of the list increases, the time taken by the algorithm also increases linearly.
For Algorithm II, accessing each element in the list n times has a time complexity of O(n^2) - quadratic time. As the size of the list increases, the time taken by the algorithm increases exponentially.