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 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 which is also required.

Format consistent with APA guidelines as they relate to 300 level courses including subject headings.

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