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Your best friend and you just finished a delicious dinner that you cooked
Your best friend and you just finished a delicious dinner that you cooked. You urge your friend to take a second helping. She answers "This is impossible. I am full." Using the concepts of microeconomics, explain her answer.
Expert Solution
According to the given information, one can conclude that this information explains the diminishing utility concept of microeconomics, which states that continuous consumption of the same product will lead to lower the utility. After a point of time, it starts decreasing. This law applies to the assumption of continuous consumption of the same products. Therefore, after finishing a delicious dinner, she cannot be able to take another bite of the food; that's why she replied that she is full.
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