Question
A camera in the hands of a professional photographer is a _______ good.
Answer: Option C
Answer: (c)
Good is any tangible item, whether produced or found naturally and which is available for exchange. A free good is a good that is so abundant in supply that it has no opportunity cost, for example, air.
Intermediary good is a firm’s product that is used as an input into the production process of either the same firm or another.
Was this answer helpful ?
Answer: (c)
Good is any tangible item, whether produced or found naturally and which is available for exchange. A free good is a good that is so abundant in supply that it has no opportunity cost, for example, air.
Intermediary good is a firm’s product that is used as an input into the production process of either the same firm or another.
Was this answer helpful ?
More Questions on This Topic :
Question 3. Situation Analysis is useful for:
....
Question 6. National Income include :
....
Question 7. What is included in the Tetiary sector ?
....
Latest Videos
Latest Test Papers
Submit Solution