Asked by Jallisa Jackson on Jun 15, 2024
Verified
Which of the following is true of an intermediate good?
A) It is of no value to the seller.
B) It is of no value to the buyer.
C) It is purchased for household production.
D) It helps produce another good.
E) It is sold at a discounted price by firms.
Intermediate Good
A product used to produce a final good or finished product.
- Distinguish and identify the differences between final products and intermediate products.
Verified Answer
ES
Esther SagoeJun 22, 2024
Final Answer :
D
Explanation :
An intermediate good is a good that is used in the production process to help produce another final good. It is not sold to consumers directly and may not have value outside of its use in production.
Learning Objectives
- Distinguish and identify the differences between final products and intermediate products.