Question

which among the following are final goods and intermediate ? give reasons
1. milk purchased by tea stall
2. bus purchased by school
3. mobile sets purchased by mobile data​

Answer 1

Answer:

1. intermediate good because milk will be used to make tea which is the final good which will be sold to the customers

Explanation:

2.final good because bus will be used by school to carry students

3. final good because that will be sold directly to customers

intermediate good is the one that is again used to make something which will be finally consumed

Answer 2

Answer:

The answer is,1)Milk purchased by tea stall.

Because the milk purchased by a tea stall is going to be used for making tea and it is not going to be sold it.Hence it is final good.