Why Is the Relationship Between Satisficer/maximizer Decision-Making Strategies and Satisfaction

question 6

Multiple Choice

Why is the relationship between satisficer/maximizer decision-making strategies and satisfaction surprising?

• A) Maximizers take more time to make the best possible choice and tend to be happier with the outcome than are satisficers.
• B) Satisficers take more time to make the best possible choice and tend to be happier with the outcome than are maximizers.
• C) Maximizers take more time to make the best possible choice and tend to be less happy with the outcome than are satisficers.
• D) Satisficers take more time to make the best possible choice and tend to be less happy with the outcome than are maximizers.

---

Definitions:

College Tuition

The fee that students pay to attend a college or university, covering costs such as instruction, facilities, and sometimes room and board.

Supply

The total amount of a specific good or service that is available to consumers at a given price level and time.

Elastic

Describing a situation where the demand or supply for a good or service is sensitive to changes in price.

Supply of Cars

The total number of cars that manufacturers are willing and able to sell at a given price level in a given period.