Pls help with below homework, dont copy paste answer available on Chegg. Explain the behavioural theory of the firm postulates that decision makers do not optimize but rather satisfice. Using appropriate examples, describe the differences between the standard microeconomic theory and the behavioural theory of the firm

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
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Pls help with below homework, dont copy paste answer available on Chegg.

Explain the behavioural theory of the firm postulates that decision makers do not optimize but rather satisfice. Using appropriate examples, describe the differences between the standard microeconomic theory and the behavioural theory of the firm.

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