Question : Which of the following are true? Air-conditioner in the house is a consume a good. Refrigerator in a hotel is consumer good. Option 1: Both are true. Option 2: Both are false. Option 3: Statement 1 is true and statement 2 is false. Option 4: Statement 1 is f ...

Question : Which of the following are true?

Air-conditioner in the house is a consume a good.

Refrigerator in a hotel is consumer good.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Team Careers360 12th Jan, 2024

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Answer (1)

Team Careers360 20th Jan, 2024

Correct Answer: Statement 1 is true and statement 2 is false.

Solution : Air conditioner in the house is a consume good because it is used for the satisfaction of a want by a household.
Refrigerator in a hotel is the capital goods because it is used for providing services over a period of time to the production unit.
Hence, Option C is correct.

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