If a shoe factory has a fixed number of machines (capital) and hire more workers
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If a shoe factory has a fixed number of machines (capital) and hire more workers, Initially, shoe production will increase. However, after a certain point, Each new worker will add less to production than the previous one because available machines become a limiting factor..
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If a shoe factory has a fixed number of machines (capital) and hire more workers, Initially, shoe production will increase. However, after a certain point, Each new worker will add less to production than the previous one because available machines become a limiting factor..
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