Which of the Following Is an Intermediate Good

question 1

Multiple Choice

Which of the following is an intermediate good?

• A) Tomatoes grown in your garden that you use to make salsa.
• B) Tomatoes you buy at a local farmer's stand that you use to make salsa.
• C) Tomatoes sold in the grocery store that you use to make salsa.
• D) Tomatoes sold to a factory and used in the production of spaghetti sauce.

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Definitions:

Standard Deviation

Indicates how much the individual data points in a data set generally deviate from the mean of the data.

Mean

The mean of a collection of numbers, found by summing all the numbers and then dividing by the total number of values.

Standard Deviation

An indicator of the degree of unevenness or spread among values in a statistical set.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the values by the number of values.