ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics

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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.
 
 
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