Categorizing goods into intermediate and final goods
Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.
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The Goods that are purchased by a production unit from other production units and signify for resale or for using up completely throughout similar year are termed as intermediate goods for illustration: raw material. Goods that are bought for consumption and investment are termed as final goods for illustration: Purchase of machinery for instalation in the factory.
I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an additional unit of the capital. (ii)
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Resources tend to flow toward industries in the long run along with: (w) lower profits for typical firms. (x) more profit for typical firms. (y) lower payments to most resource owners. (z) more stable rates of technological change. Discover Q & A Leading Solution Library Avail More Than 1446984 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1931204 Asked 3,689 Active Tutors 1446984 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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