Question
Classify the into consumer, intermediate or capital goods.
Construction of a house.
Construction of a house.
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OR
Distinguish between final goods and intermediate goods. Give an example of each.
| Good X (units) | Good Y (units) |
| 0 | 20 |
| 1 | 18 |
| 2 | 14 |
| 3 | 8 |
| 4 | 0 |
5 per unit. Price elasticity of supply is 1.25. What quantity will the firm supply at a price of
7 per unit?