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The opportunity cost of investment in capital is forgone present consumption because (Points : 1) capital takes a long time to produce. capital increases the productivity of labor. resources are scarce. capital is an intangible good.
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Asked 1/6/2013 7:08:32 PM
Updated 7/23/2014 7:08:03 AM
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User: The opportunity cost of investment in capital is forgone present consumption because (Points : 1) capital takes a long time to produce. capital increases the productivity of labor. resources are scarce. capital is an intangible good.

Weegy: resources are scarce. Because resources are scarce, the opportunity cost of every investment in capital is forgone present consumption.
Expert answered|migzptz|Points 7262|

User: The branch of economics that examines the functioning of individual industries and the behavior of individual decision-making units is (Points : 1) positive economics. normative economics. macroeconomics. microeconomics.

Question
Asked 1/6/2013 7:08:32 PM
Updated 7/23/2014 7:08:03 AM
1 Answer/Comment
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The branch of economics that examines the functioning of individual industries and the behavior of individual decision-making units is Microeconomics.
Added 7/23/2014 7:08:03 AM
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The process of using resources to produce new capital is (Points : 1) research and development. investment. consumption. economic growth.
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Updated 9/18/2017 3:37:22 AM
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The process of using resources to produce new capital is investment.
Added 9/18/2017 3:37:21 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/18/2017 4:04:01 AM]
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