Which of the following statements is false a capital

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Microeconomics
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Chapter 1 / Exercise 21
Microeconomics
Arnold
Expert Verified
44.Which of the following statements is false?a.Capital consists of produced goods that can be used as inputs for further production.b.The terms resources, inputs, and factors of productionare synonyms.c.Labor consists of the physical, but not mental, talents of people who contribute to the production process.d.Entrepreneurship is one of the four categories of resources.e.Land includes natural resources, such as minerals, forests, water, and unimproved land.
45.Which of the following is a possible rationing device?
46.According to economists, why does a highly talented young person, such as basketball player LeBron James, often choose not to attend college?
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Microeconomics
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Chapter 1 / Exercise 21
Microeconomics
Arnold
Expert Verified
Exhibit 1-1Marginal Benefit,Marginal CostTime Spent Studying (hours)MCMB246847.Refer to Exhibit 1-1. The student whose study habits are illustrated here will maximize the net benefits of studying when she has studied
48.Refer to Exhibit 1-1. If the student whose study habits are illustrated here is currently studying for 8 hours she shoulda.cut back on the number of hours she is studying because the marginal benefit of studying for 8 hours is less than the marginal cost of doing so.b.cut back on the number of hours she is studying because the marginal benefit of studying for 8 hours is greater than the marginal cost of doing so.c.increase the number of hours she is studying because the marginal benefit of studying for 8 hours is less than the marginal cost of doing so.d.increase the number of hours she is studying because the marginal benefit of studying for 8 hours is greater than the marginal cost of doing so.
49.Refer to Exhibit 1-1. If the student whose study habits are illustrated here is currently studying for 2 hours she should

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