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

Short Note

Identify and explain the concept from the given illustration:

Bhushan refused to eat fifth chapati after eating four chapatis.

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Solution

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.

Concept: Utility Analysis
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 2 Utility Analysis
Exercise | Q 3. (4) | Page 16
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