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December 9, 2022

Theory of Consumer Choice and Frontiers of Microeconomics

Principles of Microeconomics

Theory of Consumer Choice and Frontiers of Microeconomics

Option #1 Word Count: 1,254 words!

Option #2 Word Count: 1,005 words!

Option #3 Word Count: 1,429 words!

Your team been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

Write a 1,500-word analysis that identifies and describes your firm, and 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 behavioral 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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