Theory of Consumer Choice and Frontiers of Microeconomics
***ONLY use the three references that I have provided in" rel="nofollow">in the attachment. DO NOT use your own.*** the three references are,
Prin" rel="nofollow">inciples of Microeconomics 7th edition by Nicholas Gregory Mankiw. I have provide chapter 21 and 22 in" rel="nofollow">in the word document.
Another look at the Theory of "Consumer Choice" by Harold G. Vatter
Applied economics, contrast explanation and asymmetric in" rel="nofollow">information by Tony Lawson
***Citation need to be done correctly by APA standards.***
***This is an analysis***
You have been asked to assist your organization's marketin" rel="nofollow">ing department to better understand how consumers make economic decisions.
Write a 825-word analysis that in" rel="nofollow">includes the followin" rel="nofollow">ing:
The impact the theory of consumer choice has on:
Demand curves
Higher wages
Higher in" rel="nofollow">interest rates
The role asymmetric in" rel="nofollow">information has in" rel="nofollow">in many economic transactions
The Condorcet Paradox and Arrow's Impossibility Theorem in" rel="nofollow">in the political economy
People not bein" rel="nofollow">ing rational in" rel="nofollow">in behavior economics
Cite a min" rel="nofollow">inimum of 3 peer-reviewed sources not in" rel="nofollow">includin" rel="nofollow">ing your textbook.
Format consistent with APA guidelin" rel="nofollow">ines.