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Principles of microeconomics For your next journal reection, please respond to the following questions: This week, we are looking at decision making and rational choice.

Principles of microeconomics

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For your next journal reection, please respond to the following questions: This week, we are looking at decision making and rational choice. For this journal, your assignment will be to use these concepts and apply them to an analysis of your own life. Please think of a few examples in your life where you have or will have to make an economic decision (large or small). Then, using marginal costs, marginal benets, and utility, discuss y'Our own rational decisionmaking process. For example, what are the marginal costs and benets or attending school? What is the marginal utility of that second hamburger? How do these ideas affect your decision? You can use one of those suggestions for an example, but please think of the other two on your own

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