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Assignment: Theory of Consumer Choice and Frontiers of Microeconomics

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 that includes 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 not being rational in behavior economics

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92314816
  • Price:- $35

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