if a car is purchased by a taxi operator, it will be regarded as a :
a)capital good
b)intermediate good
c)final good
d)both(a) and (c)
Factor services rendered by the households to the firm lead to:
a)real flow
b)money flow
c)services flow
d)both (a) and (c)
please give reasons for the answers and please don't provide a link
Dear Student
If a car is purchased by a taxi operator, it will be regarded as a:
Ans. Option (d) Both (a) & (c)
Reason: Car purchased by taxi operator is capital good because car is used in production of final services. Car is expected to provide benefits over a long period of time, usually more than one year. It is also regarded as final good because it is purchased for personal use and not meant for resale.
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If a car is purchased by a taxi operator, it will be regarded as a:
Ans. Option (d) Both (a) & (c)
Reason: Car purchased by taxi operator is capital good because car is used in production of final services. Car is expected to provide benefits over a long period of time, usually more than one year. It is also regarded as final good because it is purchased for personal use and not meant for resale.
.
.
.
.
. For remaining queries, we request you to please post queries in separate threads to get rapid assistance from our experts.
Regards