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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 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
Cite a minimum of 3 peer-reviewed sources not including your textbook.
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this problem is intended to be more open-ended than previous assignments so you can get a feel for what its like to do
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according to the law of demand if price increases quantity demanded of a good or service will decrease or vice versa.
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For every penny that the price of gasoline goes up, the U.S Postal (USPS) service experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question
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