Question

Who is Alfred Marshall

Answer 1

Answer:

Alfred Marshall FBA was an English economist, who was one of the most influential economists of his time. His book, Principles of Economics, was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. In his most important book, Principles of Economics, Marshall emphasized that the price and output of a good are determined by both supply and demand: the two curves are like scissor blades that intersect at equilibrium. ... A consumer will buy units up to the point where the marginal value equals the price.