Chalk is an intermediate or final good if it was purchase by school?

Question

Answer

It totally depends on its end use I.e. it is used for sale or for direct use if you have further doubt than you can watch video on channel'commerce make easy with Suhani Dangarh'

Answer

Chalk is a final good as because it is prepared from limestone and  can be immediately used after production, so here lime stone is the intermediate good and not the chalk!! even if you are having doubts then connect with me on instagram @jaysharma28699

Answer

FINAL GOODS I THINK

Answer

Introduction:

In order to determine whether chalk is an intermediate or final good when purchased by a school, it is important to understand the definitions of these terms and analyze the context of the purchase.

Intermediate Goods:

Intermediate goods are those that are used in the production process but are not the final product themselves. They are typically used as inputs to produce other goods or services. These goods are not sold directly to consumers, but rather to businesses or organizations.

Final Goods:

Final goods, on the other hand, are those that are ready for consumption or use by the end consumer. They are the end product that is purchased and used for personal satisfaction or utility.

Chalk as an Intermediate Good:

When a school purchases chalk, it is typically used by teachers in the process of delivering education to students. Chalk is an essential tool for writing on chalkboards and explaining concepts to students. In this context, chalk can be considered an intermediate good.

The school does not purchase chalk for the purpose of reselling it to consumers. Instead, it is used as an input in the production process of education. Chalk is consumed in the teaching process and does not reach the end consumer in its original form.

Chalk as a Final Good:

However, there may be situations where the school purchases chalk for resale purposes. For example, if a school operates a bookstore or supplies store where it sells chalk to students or other schools, then the chalk would be considered a final good. In this case, the school is not using the chalk as an input in the production process but rather selling it as a finished product to consumers.

Conclusion:

In conclusion, whether chalk is classified as an intermediate or final good when purchased by a school depends on the context of the purchase. If the chalk is used as an input in the production process of education, it can be considered an intermediate good. However, if the school purchases chalk for resale purposes, it would be classified as a final good.

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