ECO 365 Week 5 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.

Click the Assignment Files tab to submit your assignment.