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.