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A kind of goods used as intermediary goods can never be final goods. Defend or refute.
?
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A kind of goods used as intermediary goods can never be final goods. D...
Intermediary Goods vs Final Goods:

Intermediary goods, also known as producer goods, are goods that are used in the production of final goods. They are not meant for final consumption and are used as inputs in the production process. Final goods, on the other hand, are goods that are meant for final consumption and are sold to the end-user.

Intermediary Goods can never be Final Goods:

It is true that intermediary goods can never be final goods. There are several reasons for this:

1. Purpose: The purpose of intermediary goods is to be used in the production process. They are not meant for final consumption and do not provide any utility to the end-user. Final goods, on the other hand, are meant for final consumption and provide utility to the end-user.

2. Value: The value of intermediary goods is derived from the value of the final goods they help produce. They are not valuable in themselves and cannot be sold as final goods. Final goods, on the other hand, have a value of their own and can be sold to the end-user.

3. Availability: Intermediary goods are usually not available for sale to the general public. They are sold to manufacturers and producers who use them in the production process. Final goods, on the other hand, are available for sale to the general public.

Conclusion:

In conclusion, intermediary goods can never be final goods. They are used as inputs in the production process and are not meant for final consumption. Final goods, on the other hand, are meant for final consumption and provide utility to the end-user. It is important to understand the difference between intermediary goods and final goods in order to understand the production process and the value chain.
Community Answer
A kind of goods used as intermediary goods can never be final goods. D...
Refute . Let say a firm X uses suger as intermediate goods in producing chocolate but if the same suger is used by a household it will be final goods
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Read the report given below and answer the questions that follow:When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex-ante consumption, ex-ante investment, government spending, etc. The rate of increase in ex-ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decreas e) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.What is the circumstance when aggregate output is determined solely by the level of aggregate demand called?

Read the report given below and answer the questions that follow:When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex-ante consumption, ex-ante investment, government spending, etc. The rate of increase in ex-ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decreas e) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.The equilibrium level is when,

Read the report given below and answer the questions that follow:When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex-ante consumption, ex-ante investment, government spending, etc. The rate of increase in ex-ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decreas e) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.The rate of increase in __________________ due to a unit increment in income is called marginal propensity to consume.

Read the report given below and answer the questions that follow:When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex-ante consumption, ex-ante investment, government spending, etc. The rate of increase in ex-ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decreas e) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.At the price level mentioned in the case, Aggregate Supply is ____________.

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A kind of goods used as intermediary goods can never be final goods. Defend or refute.?
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