Goods that are used for the production of other goods are referred to as:

Explain how the Fed intervenes in the foreign exchange market and what the effects are of the Fed's actions

What will be an ideal response?

A fruit retailer buys 50 pounds of apples from the wholesale market every day. The retailer has observed that 20% of the apples bought each time are not of good quality

Because it is not possible for the retailer to check each apple before buying, how much should he pay for each pound if he values good apples for $1.40 per pound while he has a value of zero for bad quality apples? A) $1.12 per pound B) $1.20 per pound C) $1.40 per pound D) $2 per pound