Theory of Consumer Choice and Frontiers of Microeconomics
k.zeeoaliYou 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 2 peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
- 8 years ago
- 40
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- microeconomics.doc
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- microeconomics.docx
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- eco_365_week_5_theory_of_consumer_choice_and_frontiers_of_microeconomics.doc
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- impact_the_theory_of_consumer_choice_has_on.docx
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- consumer_choice.docx
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