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
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