For this written assignment, you will need to read chapter 1 and answer the following questions. Please answer each question in detail and write at least 250+ words for this assignment. You must also write complete sentences in written assignments. "Yes" and "No" only and one-sentence answers are not accepted in this class.

Chapter 1 Topic

Choose two of the Five Foundations of Economics and provide real-life original examples of these two principles (and perhaps even explain how they relate to your life). Please include original examples and include a detailed explanation. (Follow the instructions below very carefully).

AND

Explain one situation in which you had to use marginal decision making.