Which of the following items is a final good?
A) mustard in a deli
B) tin purchased by a can company
C) a sweater purchased by someone in a department store
D) a and b
E) a, b, and c

Question

Quizplus · Accepted Answer

A final good is a product that is purchased by the end-user and is not used to produce another product. Option A is an intermediate good, as mustard is used to produce sandwiches sold by the deli. Option B is also an intermediate good, as tin is used by the can company to produce cans. Option C is a final good, as the sweater is purchased by someone for their personal use.

Which of the Following Items Is a Final Good