Assume for this Check Point that purchasing a new home for you is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
• Submit a 250- to 300-word response addressing the following points:
o Which of the 10 principles do you think plays a major role in your decision?
o Provide an example for each about decision-making, interaction, and the workings of the economy.
• Elucidate how that influences the marginal benefits and marginal
o costs associated with your decision to purchase a house.