You have been asked to assist your organizations marketing

Question

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

Develop a 12- to 15-slide Microsoft® PowerPoint® presentation that includes the following:

• 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