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Identify and explain the concept from the given illustration: Kavita consumed five units of oranges one after the other. - Economics

Short Note

Identify and explain the concept from the given illustration:

Kavita consumed five units of oranges one after the other.

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Solution

Concept: Continuity

Explanation:

Continuity is an assumption to the law of DMU where it is assumed that different units of a commodity are consumed in quick succession without any lapse of time.

Concept: Utility Analysis
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APPEARS IN

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