- Click on the ECON1002 Week 3 Discussion Assignment PDF. Read the posted information about a purchase decision.

- What should Kirsten do in this situation? Explain why you made that decision.

- What would you do in this situation (assume it is a suit if you do not wear dresses)? Explain how your decision-making process would work.

- How does this decision making relate to the material from Chapter 1 and Chapter 2 in your textbook? Explain.

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What would you do? Kirsten is a high school junior. Her parents gave her a credit card, but she is supposed to use it only for emergencies. She is in the mall one day and sees the perfect dress for prom in a store window. The price tag reads $125, but the store is running a One-Day-Only Sale, all items are 25% off the ticketed price. Kirsten's grandmother, a dressmaker, has offered to make Kirsten's prom dress, and Kirsten has only $50 in her savings account. What should she do? What is the need? A prom dress What are the alternatives? Buy the Dress Dont buy the dress wear the dress her grandmother sews. Call home and talk about it. Look for another dress. Whats the money situation? Doesnt have the money in her wallet to buy the dress. She will have to use the credit card. What are the disadvantages of charging the purchase? The "sale" dress costs more than twice what Kirsten's has now in her spending money budget. Even though the dress is on sale, Kirsten will have to pay finance charges on the dress until she pays it off. Her grandmother can make a dress for the cost of the fabric. Under $35. Grandma's feelings may be hurt. Kirsten will be using the credit card for other than an emergency her parents may be upset.