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

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ECO 365 Week 5 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. Format consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.

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