A farmer produces oranges and sells them to Fresh Juice, which makes orange juice. The oranges produced by the farmer are calleda. inventory goods. b. transitory goods. c. final goods. d. intermediate goods.

Question

Ashanti Gregory

Business

13 January, 11:03

A farmer produces oranges and sells them to Fresh Juice, which makes orange juice. The oranges produced by the farmer are calleda. inventory goods. b. transitory goods. c. final goods. d. intermediate goods.

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Answers (1)

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Jacqueline Mercer · Answer 1

Letter d is correct. Intermediate goods.

Explanation:

Intermediate goods are those that correspond to the inputs or manufactured goods that are used to give rise to the production of a final good.

Any good that is acquired for the production of another good is considered an intermediate good. Its use occurs by incorporation into a good, or destruction, which is when they are destroyed for a new good to be produced.

Some examples of intermediate goods are: electronic components of a computer, bread baking, production equipment, tools used to produce another good, a car engine and others.