Quote by Doug Horton

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

First rule of Economics 101: our desires are insatiable. Sec

Summary

This quote humorously illustrates two concepts from economics. The first rule refers to the idea that human wants and desires are unlimited and can never be completely satisfied. No matter how much we have, we always desire more. The second rule brings in the concept of diminishing marginal utility, suggesting that our satisfaction or enjoyment diminishes with each additional unit of a good or service. In this case, the humor lies in the contrast between our insatiable desires and the physical limit of being able to consume only a limited quantity of Big Macs at once.

Topics

Economics

By Doug Horton

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