Theory of Consumer Choice and Frontiers of Microeconomics, assignment help
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 and must be specifically relevant to the small business trucking industry.The impact the theory of consumer choice has on: Demand curves, Higher wages, Higher interest rates.The role asymmetric information has in many economic transactionsThe Condorcet Paradox and Arrow's Impossibility Theorem in the political economyPeople not being rational in behavior economicsCite a minimum of 3 peer-reviewed sources not including your textbook which is also required. Format consistent with APA guidelines as they relate to 300 level courses including subject headings.
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