Mikasa is the owner of an assembly unit. The assembly unit manufactures cars from engines, tyres, and steel sheets. Mikasa sells the cars as finished goods in the market.

Identify the intermediate good(s).

Engines

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Cars

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Tyres

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Steel sheets

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Steel sheets
According to economists Tyler Cowen and Alex Tabarrok, final goods and services are the goods and services that are used or consumed by the end users. Whereas, goods and services that are used to produce other goods and services are called intermediate goods. Therefore, Mikasa and her assembly unit used intermediate goods such as engines, tyres, and steel sheets to manufacture cars as finished goods.

Suggest Corrections

Similar questions

A company manufactures two articles A and B. There are two departments through which these articles are processed: (i) assembly and (ii) finishing departments. The maximum capacity of the first department is 60 hours a week and that of other department is 48 hours per week. The product of each unit of article A requires 4 hours in assembly and 2 hours in finishing and that of each unit of B requires 2 hours in assembly and 4 hours in finishing. If the profit is Rs 6 for each unit of A and Rs 8 for each unit of B, find the number of units of A and B to be produced per week in order to have maximum profit.

In-process quality control is done to check the quality while the goods are getting manufactured or assembled.

The stock of unsold finished or unfinished goods, and unused raw materials and intermediate goods that a firm carries from one year to another is called ___.

Q. In an automobile cluster, some firms make steel, some make tyres, and some make car seats. All these products are then purchased by another firm that assembles the car. The industries in the cluster source raw materials from the small and medium enterprises nearby.

Which of the following characteristics is/are discussed in the above scenario?

Q. 1. It can manufacture parts, components, sub assemblies,tools or intermediate products for the parent unit.
2. These units have the advantage of assured demand from parent units.
The above features reflect which type of small business?

Join BYJU'S Learning Program

Explore more

Standard X Economics

Join BYJU'S Learning Program

Mikasa is the owner of an assembly unit. The assembly unit manufactures cars from engines, tyres, and steel sheets. Mikasa sells the cars as finished goods in the market. Identify the intermediate good(s).

Mikasa is the owner of an assembly unit. The assembly unit manufactures cars from engines, tyres, and steel sheets. Mikasa sells the cars as finished goods in the market.

Identify the intermediate good(s).