Which of the following is most likely to be a final good or service: A printing
ID: 1103214 • Letter: W
Question
Which of the following is most likely to be a final good or service:
A printing press purchased by a printing company.
Automobile batteries purchased by a car manufacturer.
Gasoline purchased for personal use by a car owner.
Flour purchased by a baker used to make bread that is sold to customers
a-A printing press purchased by a printing company.
b-Automobile batteries purchased by a car manufacturer.
c-Gasoline purchased for personal use by a car owner.
d-Flour purchased by a baker used to make bread that is sold to customers
Explanation / Answer
Among the options, it is the gasoline purchased for personal use by a car owner that is most likely to be a final good or service. The reason being only in this case the purchase is being made by the final consumer. In all the other three cases the purchase is being made for the production of some final good or service.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.