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