Theory of Consumer Choice and Frontiers of Microeconomics

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Theory of Consumer Choice and Frontiers of Microeconomics

I need help with an assignment where I have been asked to assist an organization’s marketing department to better understand how consumers make economic decisions that have to include the following:

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 

Format consistent with APA guidelines, include citations within essay, including web links of where the peer-reviewed sources were cited from.

If possible, I would like to have an answer within one day.

 

……….Answer Preview………..

The theory of consumer choice is one of the important braches of microeconomics. This is a theory that tries to explain how consumer choices have impacts on various economic variables. This theory relates to consumer behaviors as well as the effect of consumer choice on important variables such as demand, interest rates as well as high wages. Despite the limitations that the consumer might be subject to….

APA

1252 words

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