45. Which of the following is a final good or service? A. a haircut purchased by

Question

45. Which of the following is a final good or service? A. a haircut purchased by a father for his 12 year-old son fertilizer purchased by a farm supplier C. diesel fuel bought for a delivery truck D. Chevrolet windows purchased by a General Motors assembly plant 46. 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

Explanation / Answer

Ans 45)

Option B is the example of inntermeditae good because ultimate good or services will be Crops hence Incorrect

Option C is agin an example of intermediate good because here is final service would be to deliver hence incorrect

Option D is alose intermediate good for same reason mentioned above hence incorrect

Option A says about final good/service and i.e. haircut itself

Option A is correct answer

Ans 46)

Again here with the same logic mentioned above Only input used to produce final output is Option A

Hence Option A is correcr response

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