Theory of Consumer Choice and Frontiers of Microeconomics
Develop a 12- to 15-slide Microsoft® PowerPoint® presentation to be presented to the Marketing Department that addresses the following.
Explain the following in your presentation:
- 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
