Question details

Theory of Consumer Choice and Frontiers of Microeconomics 2
$ 15.00

Scenario: You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. 

Write a 1,050-word analysis including the following: 

  • The impact the theory of consumer choice has on:         
    • Demand curves
    • Higher wages
    • Higher interest rates
  • The role asymmetric information has in many economic transactions.
  • The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
  • People are not rational in behavior economics. 

Cite a minimum of three peer-reviewed sources not including your textbook. 

Format your paper consistent with APA guidelines. 

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