Write a paper on how to assist you organization’s m arketing department to better understand how consumers make economic decisions.

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

  • 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