Examlex
BrewCraft Beer is a microbrewery that sells its beer at its own beer gardens in Central City. Though customers were initially unused to the concept of a beer garden, BrewCraft undertook a long-running social media campaign to popularize the concept. It also advertised the fact that all its ingredients were sources locally and sustainably. Which of the following would be considered the service that BrewCraft is selling customers?
Diminishing Marginal Utility
The principle that as a consumer consumes more of a good, the additional satisfaction gained from each additional unit decreases.
Staples
Basic or essential goods and services that are consumed regularly by individuals or businesses.
Paper Clips
Paper clips are small pieces of bent wire or plastic used for holding sheets of paper together.
Marginal Utility
The additional satisfaction or utility that a person receives from consuming one additional unit of a good or service.
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