marginal benefit

What does the “invisible hand” of the marketplace do? Explain the two main reasons of market failure and give an example of each.

Macroeconomics Assignment 1 Questions: Week 2 to Week 3: – [15 Marks] Water is necessary for life. Is the marginal benefit of a glass of water large or small? Give an example of some action from your real life that has both a monetary and non monetary opportunity cost. (3 Mark) What does the “invisible […]

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