Which of the Following Sayings Describes the Concept of Diminishing

question 3

Multiple Choice

Which of the following sayings describes the concept of diminishing marginal utility?

• A)time is money
• B)penny wise and pound foolish
• C)absence makes the heart grow fonder
• D)a penny saved is a penny earned
• E)a fool and his money are soon parted

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Definitions:

Business

The activity of making, buying, or selling goods or providing services in exchange for money, within an organizational or entrepreneurial context.

Plan

A detailed proposal for doing or achieving something, often involving a series of steps or actions intended to accomplish a specific goal.

WIPO

Stands for World Intellectual Property Organization, a global organization dedicated to protecting intellectual property rights across nations.

Intellectual Property

Legal rights that arise from the mental creations of inventors, authors, and artists, including patents, copyrights, trademarks, and trade secrets.