Question

Categorize the following items as a final​ good, an intermediate​ good, or neither a final good nor an intermediate good. Cough medicine purchased by Tracy who has a cold is an example of​ ______ good. Biscotti bought by Southwest Airlines and served to passengers is an example of​ ______ good. A. neither a final nor an intermediate​; a final B. a final​; an intermediate C. neither a final nor an intermediate​; an intermediate D. a final​; a final Gravel purchased by a firm that produces cement is an example of​ ______ good. Concrete purchased by Your Swimming Pool Inc. is an example of​ ______ good. A. a final​; an intermediate B. a final​; a final C. an intermediate​; an intermediate D. an intermediate​; a final.

Answer 1

1. B: a final; an final

Step-by-step explanation:

a) Cough medicine is a final good because Tracy is going to use it for his consumtion (he has a cold);

b) Biscotti is a final good because the company bought it to offer it to the passengers.

Answer:

2. an intermediate; an intermediate

Step-by-step explanation:

a) The firm will use the gravel to produce concrete (gravel, sand and cement).

b) Your Swimming Pool Inc. will use the concrete for buiding swimming pools.