Andrea is routinely late for class because she always underestimates how long it will take her to drive to class. When it comes to arriving on time for class, Andrea is subject to: A. overconfidence. B. a framing bias. C. altruism. D. a sunk cost fallacy.

A.

Explanation:

Overconfidence, in psychology,  can be defined as a confidence that is higher than an accurate confidence. People who are overconfident usually judge or estimate the situation higher than the accuracy of those judgments.

In the given case, Andrea who is routinely late for the class is overconfident in estimating the time of her driving from home to class. She always underestimate in analysing her time of driving. This is an example of overconfidence as she judges the situation higher than the accuracy of judgement.

So, the correct answer is option A.

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.