Question

A durable good is defined as a(n) A. item consumed in one or a few uses. B. item that usually lasts over an extended number of uses. C. item that lasts at least one year without becoming obsolete. D. product purchased only for the use of ultimate consumers. E. product used in the production of other products.

Answer 1

The correct answer is the letter B.Item which usually lasts for an extended number of uses.

Step-by-step explanation:

Durable goods are products made to be used for a long period of time, ie to be used several times. In contrast, non-durable goods are extinguished at the time of use. An example of the durable good is the car, its use lasts an extended number of times, ie it is designed to be used over several periods.