Which of the following are an example of a final good? Group of answer choices a) Oven bought by a bakery b) Sugar bought by a coffeeshop c) Paper bought by a publishing company d) Flour bought by a bakery
The final good is good which used by the final consumer and not used as a component for another good.
The sugar is used to make coffee by a coffee shop which is sold as the final product, so sugar is intermediate goods which is used to make final good.
The paper bought by the publisher is used in production completely to produce books as the final product. So, the paper is also intermediate good.
The flour bought by a bakery is used to make bread and other products, so the flour is also an intermediate good.
The oven is not used as raw material which converts into a bakery product but used in the production process just to convert raw material in the final product. It is kind of capital goods which also considered as a final good.
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