Grapes Are Considered Intermediate Goods

question 108

Multiple Choice

Grapes are considered intermediate goods

• A)whether the purchaser uses them to make wine to sell or eats them.
• B)if the purchaser uses them to make wine to sell others but not if the purchaser eats them.
• C)if the purchaser eats them,but not if the purchaser uses to them to make wine to sell.
• D)None of the above is correct.

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Definitions:

Garbage Disposal

A device installed under a kitchen sink that shreds food waste into small pieces to pass through plumbing.

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and lower energy usage and pollution.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal External Damages

Additional harm or cost imposed on society or a third party that is not accounted for by the producer or consumer of a good or service.