Consider an economy that produces the single good "output" with two factors of production, land (T) and labor (L). The Marginal Product of Labor MPL The figure to the right shows how the marginal product of labor varies with changes in the amount of labor employed. A If this simple economy employs 0E workers, its total output is given by and labor's total wages by O A. OEDH and OEDA B O B. 0EDA and OEDH M C O C. OH and OA O D. OEDA and OH N R D MPL 0 G E Labor, LConsider an economy that produces the single good "output" with two factors of production, land (T) and labor (L). An Economy's Production Function The figure to the right shows how output varies with changes in the amount of Output, Q labor employed, holding the amount of land fixed. From this production function {Q(T,L)} it can be ascertained that an in-migration Q(T,L) of labor will O A. increase both output and the real wage. O B. increase output and decrease the real wage. O C. increase output but leave the real wage unchanged. O D. decrease both output and the real wage. Labor, L