Which of the Following Is an Intermediate Good

question 124

Multiple Choice

Which of the following is an intermediate good?

• A) the purchase of gasoline for a ski trip to B.C
• B) the purchase of a pizza by a college or university student
• C) the purchase of baseball bats by a professional baseball team
• D) the purchase of jogging shoes by a professor

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Definitions:

Cost-Volume-Profit Analysis

An accounting methodology used to estimate the impact of varying levels of costs and volume on operational profit.

Manufacturing Firm

A business that produces goods in large quantities using raw materials, components or parts, and machinery, often within a factory setting.

Direct Variable Costs

These costs vary directly with the level of production output, such as materials and labor, and are essential for calculating a product's profitability.