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ASSIGNMENT ID
161366
SUBJECT AREA Economics
DOCUMENT TYPE Essay
CREATED ON 24th April 2017
COMPLETED ON 25th April 2017
PRICE
$30
18 offers received.
Expert hired: Patricio Luis

Theory of Consumer Choice and Frontiers of Microeconomics

Purpose of Assignment Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions. Assignment Steps Scenario: 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. Click the Assignment Files tab to submit your assignment.
Purpose of Assignment Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions. Assignment Steps Scenario: 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.
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24 April 2017
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24 April 2017
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24 April 2017
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25 April 2017
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