Alice runs a shoe making factory that utilizes both labor


Alice runs a shoe making factory that utilizes both labor and capital to make shoes. Which of the following would shift the factory's demand for capital and why?

a. Many consumers decide to walk barefoot all the time.

b. New shoe making machines are twice as efficient as older machines.

c. The wages that the factory has to pay its workers rise due to an economy-wide labor shortage.

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Basic Computer Science: Alice runs a shoe making factory that utilizes both labor
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