“Point of satiety is an ideal point of consumption.”
Point of satiety in consumption is the point where a consumer maximizes his level of satisfaction and needs no more units to consume. At this point, his marginal utility is zero. Thus, the point of satiety is that point of consumption where the total utility of the consumer from commodity consumed is maximum and marginal utility is zero.
Point of Satiety = Point of Saturation
References:
Munir Ahmed Bhutta. Economics, Azeem Academy Publishers, Lahore.
Abdul Haleem Khawja. Economics, Khawja and Khawja Publishing House, Islamabad.
Manzoor Tahir Ch. Principles of Economics, Azeem Academy Publishers, Lahore.
Muhammad Irshad. Economics, Naveed Publications, Lahore.
K K Dewett & M H Navalur. Modern Economic Theory (Theory and Policy), S. Chand Publishing.
Add Comment