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.

Question

Quizplus · Accepted Answer

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.

Which of the Following Is True of an Intermediate Good