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Theory of consumer choice and frontiers of microeconomics

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Reference no: EM131892909

Theory of Consumer Choice and Frontiers of Microeconomics

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 are not rational in behavior economics. 

Reference no: EM131892909

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