Which of the following is an intermediate good?
A) the purchase of gasoline for a ski trip to Colorado
B) the purchase of baseball uniforms by a professional baseball team
C) the purchase of a pizza by a college student
D) the purchase of jogging shoes by a professor

Question

Quizplus · Accepted Answer

Intermediate goods are goods that are used in the production of final goods. Baseball uniforms are an intermediate good because they are used to produce the final product of a baseball game, which includes entertainment for spectators and revenue for the team. The other options are either consumer goods (gasoline and pizza) or final goods (jogging shoes).

Which of the Following Is an Intermediate Good