Regent University- integrating biblical principles and a faith-based outlook to course content Need help responding to Discussion In Blackboard This is classmates post As a thrift maven of sorts, it is my goal to locate quality items at bargain prices. I have a shopping budget of $100.00. During a recent shopping trip, I discovered a used genuine leather shoulder bag from an upscale resale shop. The bag was worth $200.00 new but was priced at $50.00 and had an "as is" tag indicating no returns. A selection of sterling silver earrings worth $50 new were marked at a sales price of $10 per pair. Using the analysis tool discussed in figure 25.4 of the textbook (Cowan, 2018), with my budget, I can purchase two bags at $50 each or ten pair of earrings ($50x2) or ($10x10). Careful examination of the bag revealed a small tear near the zipper but I decided to purchase it anyway, knowing there was a leather repair shop nearby that will repair the bag for $25..00 I only chose 2 pair of earrings for a total shopping purchase of $70 ($50 + $2x10). I limited myself to 2 sets of earrings because purchasing a third set would not leave me enough for the $25 bag repair. My total expenses with the repair came to $95.00 leaving me $5.00 in my budget. Just a King Solomon's used wisdom in planning before beginning a task in 1 Kings 5 (English Standard Version Bible, 2001), we should plan for our spending so that we are able to stay within our budget. This is BlackBoard Discussion Question: * Pick a personal experience and use the tools discussed this week and analyze it. You do not need to use all the tools but analytical tools you can use would include how this choice maximized your utility (compared to alternative choices you had), what might have made you indifferent between the choice you made and the alternatives you had, or what sort of cost-benefit process did you consider. Keep in mind economics is about analyzing and thinking about those things we already do, this assignment is just about connecting the tools we are learning and the actions you already do and choices you make. Book: Cowen, T & Tabarrok, A. (2018). Modern Principles of Economics, 4th Ed. New York, NY: Worth Publishers