Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decisionmaking process from the perspective of an economist. Consider the 10 Principles of Economics as outlined in Ch. 1 of the text. Assume for this CheckPoint that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has longterm financial consequences. Submit a 250 to BSDword response addressing the following points: ' Which of the 10 principles do you think plays a major role in your decision? 0 Provide an example for each about decisionmaking, interaction, and the workings of the economy. 0 Explain how that inuences the marginal benefits and marginal costs associated with the decision to purchase a house