Which of the Following Is Not a Final Good or Service

question 97

Multiple Choice

Which of the following is not a final good or service?

• A) The gallon of milk Jeremy bought to use in his breakfast cereal
• B) The notebook Himeko bought to take notes in for her college courses
• C) The cheese on the pizza that Teka ordered from Domino's
• D) The guacamole Aisha purchased for a Superbowl party

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Definitions:

Increase Output

To raise the quantity of goods or services produced within a given time period.

Pure Monopoly

A market structure where a single firm is the sole producer and seller of a product or service, with no close substitutes available.

Profit-Maximizing Outputs

The level of production at which a company can achieve the highest possible profit.

Overallocated

The condition when resources, such as time, money, or materials, are assigned or committed beyond the capacity or availability.