Which of the following items is a final good?
A) mustard in a deli
B) tin purchased by a tin can company
C) a sweater purchased by someone in a department store
D) a and b
E) a,b,and c

Question

Quizplus · Accepted Answer

A final good is a product that is purchased by the end consumer for personal use, and not for further processing or resale. Mustard in a deli may be used as an ingredient in other products, and therefore is not a final good. Tin purchased by a tin can company is used in the production of tin cans and is not a final good. The sweater purchased by someone in a department store is a final good because it is purchased by an end consumer for personal use.

Which of the Following Items Is a Final Good