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Identify and explain the concept from the given illustration: Bhushan refused to eat fifth chapati after eating four chapatis. - Economics

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प्रश्न

Identify and explain the concept from the given illustration:

Bhushan refused to eat fifth chapati after eating four chapatis.

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उत्तर

Concept: Point of satiety

Explanation:

After reaching the point of satiety, a rational consumer should stop his consumption since the maximum limit of satisfaction is reached and there is no addition to the total utility by any further increase in the stock of a commodity.

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अध्याय 2: Utility Analysis - Exercise [पृष्ठ १६]

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बालभारती Economics [English] Standard 12 Maharashtra State Board
अध्याय 2 Utility Analysis
Exercise | Q 3. (4) | पृष्ठ १६
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