Which of the following is an example of an input that is an intermediate product?
A) land
B) a product produced by another firm
C) labour
D) capital
E) money

Question

Quizplus · Accepted Answer

An intermediate product is a product that is used as an input in the production of a final good. Option B states that the input is a product produced by another firm, which makes it an intermediate product. Land, labour, capital, and money are all primary factors of production and not examples of intermediate products.

Which of the Following Is an Example of an Input