Refer to the diagram to the right: Land is the other (fixed) factor of production. Currently the real wage is $30. Calculate the change in land rents due to a $5 increase in the real wage. A Land rents=$(Enter your response rounded to the nearest dollar. Be sure to include the minus sign if necessary.) Calculate the change to the total wage bill (total payment to labor). A Total payment to labor =$(Enter your response rounded to the nearest dollar. Be sure to include the minus sign if necessary) 60- 55 50 45 40- 35 30 25- 20 15 10 & 0 Marginal product of labor. MPL 0 Real Wage Real Wage MPL 10 20 30 40 50 60 70 80 90 100 110 Labor, L