Phoenix ECO365 Theory of Consumer Choice and Frontiers of Microeconomics
Purpose of Assignment
Week 5 exposes students to subjects that are intentional to excite their appetites for elevate consider in economics. Students earn use the supposition of consumer excellent and the impression of the concepts of asymmetric information, gregarious distribution, and bearing economics, to picture how consumers compel economic decisions.
Scenario: You own been asked to aid your organization's marketing function to improve comprehend how consumers compel economic decisions.
Write a 1,050-word decomposition including the following:
The impression the supposition of consumer excellent has on:
Higher curiosity-behalf rates
The role asymmetric advice has in numerous economic transactions.
The Condorcet Paradox and Arrow's Impossibility Theorem in the gregarious distribution.
People are not judicious in bearing economics.
Cite a restriction of three peer-reviewed sources not including your textbook.
Format your paper consistent delay APA guidelines.