Micah has envisioned a new business that will open in the upcoming months. Realizing that people are spending more time and money on their pets, he has designed an innovative leash that incorporates a flashlight, a pedometer, and waste bags in the handle. He has already contracted with a local factory to begin production on small batches of the new product, and he has leased office space for himself, complete with all of the office equipment he will need to ship his leashes to buyers. Which factor(s) of production does Micah represent?


a.labor and capital

b.entrepreneur and labor

c.capital

d.natural resources