Question

Which of these is an example of a final good? A. wood. B. steel C. needle

Answer 1

The answer on Plato is C as this is a final product

Explanation:

These are the choices on Plato

A. wood - you can still make many other things

B. steel - you can still make many other things

C. needle - final product

Answer 2

A needle (C) is a final good. A final good is something purchased by a consumer for use without any further processing or use in another good. A needle is bought to use as a needle; it does not go into the production of something else. However, wood and steel are products that are purchased to creates something else. Because they are used in the production of another good or are further processed before being finally sold, they are not final goods.