ECO 212 week 1 Individual Assignment How People Make Economic Decisions Paper - 1758

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1.     Individual Assignment: How People Make Economic Decisions Paper


·         Resources: Principles of Economics textbook, articles, and personal experience.

·         Write a 350- to 700-word paper in which you address the following:


o    List and briefly explain the four principles of individual decision-making.

o    Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated with that decision.

o    What were the marginal benefits and marginal costs associated with that decision?

o    What incentives could have led you to make a different decision?

o    Explain how the principles of economics affect decision-making, interaction, and the workings of the economy as a whole.


·         Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source, attach a copy of the data to your paper.

·         Format your paper consistent with APA guidelines.