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1.Furniture purchased by the school is …

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1.Furniture purchased by the school is final good or intermediate good 2. Chalk and dusters purchased by the school is final good or intermediate good? Give reason
  • 5 answers

Sanya Chawla 7 years, 3 months ago

Chalk dusters purchased are intermediate good because they are consumed within a year of purchase kindly look in the book of sandeep garg for analysing more about this

Md Kashif 7 years, 3 months ago

Both are final goods as both are purchased for final comsumption and no monetary value will ne added in future.

Asfa Najam 7 years, 3 months ago

Furniture... Because these are purchased for investment..... Chalk .....needed for their own sake for teaching services.....from the book this is the only right answer

Vagisha Singh 7 years, 3 months ago

Both are intermediate good as both are being used as raw materials in the process of capital formation

Abhilasha Chauhan 7 years, 3 months ago

Furniture purchase by school is final good as it has been purchased for final consumption & the school is not going for resale. Same goes for Chalk & duster too
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