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DOCUMENT TYPE Research Paper
CREATED ON 21st April 2017
COMPLETED ON 24th April 2017
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Expert hired: florence

Theory of consumer choice and frountiers 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 including 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 are not rational in behavior economics. Cite a minimum of three peer-reviewed sources not including your textbook. Format your paper consistent with APA guidelines.
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 including 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 are not rational in behavior economics.
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