Document 1: Analyzing Primary Source "The satisfaction of every man's need for food up to the point where his life is thereby assured has the full importance of the maintenance of his life. Consumption exceeding the amount, again up to a certain point, has the importance of preserving his health [that is, his continuing well-being]. Consumption extending beyond even this point has merely the importance-as observation shows-of a progressively weaker pleasure, until it finally reaches a certain limit at which satisfaction of the need for food is so complete that every further intake of food contributes neither to the maintenance of life nor to the preservaion of health-nor does it even give pleasure to the consumer, becoming first a matter of indifference to him, eventually a cause of pain, a danger to health, and finally a danger to life itself. Similar observations can be made with respect to the more of less complete satisfaction of all other human needs." -Carl Menger, Principles of Economics, 1871 1. Determining Central Ideas: How does Carl Menger's example explain the concept of diminishing marginal utility? 2. Citing Text Evidence: According to Menger, what stages does a person go through if consumption is continued past the maintenance of life?
Document 1: Analyzing Primary Source "The satisfaction of every man's need for food up to the point where his life is thereby assured has the full importance of the maintenance of his life. Consumption exceeding the amount, again up to a certain point, has the importance of preserving his health [that is, his continuing well-being]. Consumption extending beyond even this point has merely the importance-as observation shows-of a progressively weaker pleasure, until it finally reaches a certain limit at which satisfaction of the need for food is so complete that every further intake of food contributes neither to the maintenance of life nor to the preservaion of health-nor does it even give pleasure to the consumer, becoming first a matter of indifference to him, eventually a cause of pain, a danger to health, and finally a danger to life itself. Similar observations can be made with respect to the more of less complete satisfaction of all other human needs." -Carl Menger, Principles of Economics, 1871 1. Determining Central Ideas: How does Carl Menger's example explain the concept of diminishing marginal utility? 2. Citing Text Evidence: According to Menger, what stages does a person go through if consumption is continued past the maintenance of life?
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 3.9P
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![Document 1: Analyzing Primary Source
"The satisfaction of every man's need for food up to the point where his life is thereby assured has the full
importance of the maintenance of his life. Consumption exceeding the amount, again up to a certain point, has
the importance of preserving his health [that is, his continuing well-being]. Consumption extending beyond even
this point has merely the importance-as observation shows-of a progressively weaker pleasure, until it finally
reaches a certain limit at which satisfaction of the need for food is so complete that every further intake of
food contributes neither to the maintenance of life nor to the preservaion of health-nor does it even give
pleasure to the consumer, becoming first a matter of indifference to him, eventually a cause of pain, a danger to
a...
a...
health, and finally a danger to life itself.
Similar observations can be made with respect to the more of less complete satisfaction of all other human
needs."
-Carl Menger, Principles of Economics, 1871
1. Determining Central Ideas: How does Carl Menger's example explain the concept of diminishing marginal
utility?
2. Citing Text Evidence: According to Menger, what stages does a person go through if consumption is
continued past the maintenance of life?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec19e530-df26-41f4-a4f3-75ccceb61797%2Fecc4ac81-bf3a-4bc5-923f-22bc1412a6df%2Fgxqim4g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Document 1: Analyzing Primary Source
"The satisfaction of every man's need for food up to the point where his life is thereby assured has the full
importance of the maintenance of his life. Consumption exceeding the amount, again up to a certain point, has
the importance of preserving his health [that is, his continuing well-being]. Consumption extending beyond even
this point has merely the importance-as observation shows-of a progressively weaker pleasure, until it finally
reaches a certain limit at which satisfaction of the need for food is so complete that every further intake of
food contributes neither to the maintenance of life nor to the preservaion of health-nor does it even give
pleasure to the consumer, becoming first a matter of indifference to him, eventually a cause of pain, a danger to
a...
a...
health, and finally a danger to life itself.
Similar observations can be made with respect to the more of less complete satisfaction of all other human
needs."
-Carl Menger, Principles of Economics, 1871
1. Determining Central Ideas: How does Carl Menger's example explain the concept of diminishing marginal
utility?
2. Citing Text Evidence: According to Menger, what stages does a person go through if consumption is
continued past the maintenance of life?
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