Theory of Consumer Choice and Frontiers of Microeconomics

| May 27, 2018

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions. Write a minimum of an 1,100-word analysis that includes the following:The impact the theory of consumer choice has on:   Demand curvesHigher wagesHigher interest ratesThe role asymmetric information has in many economic transactionsThe Condorcet Paradox and Arrow’s Impossibility Theorem in the political economyPeople not being rational in behavior economicsCite a minimum of 3 peer-reviewed sources not including your textbook.Format consistent with APA guidelines.

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