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

ECO 365 Week 5 Assignment 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.

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

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