Question

Identify each good as either intermediate or final. intermediate final tires bought by a driver for her personal vehicle a memory card bought by a photographer lenses bought by a camera manufacturer tires used by a car manufacturer Correct label: intermediate

Answer 1

Answer:

Tires bought by a driver for her personal use- final good

Memory card bought by a photographer-intermediate good

Lenses bought by a camera manufacturer- intermediate good

Tires bought by a car manufacturer-intermediate good

Explanation:

Since tires are for personal use and not used to produce any other good it will be classified as a final good.  

A memory card bought by a photographer will be used in creating new pictures, so it will be categorized as an intermediate good.

Similarly, lenses bought by a camera manufacturer will be used for making cameras and tires bought by a car manufacturer will be used for making cars. So both will be classified as a final good.