Refer to the diagram to the right: Marginal product of labor, MPL Using the appropriate drawing tool, shade in the region that represents 'Rents' 60 given a real wage of $25. 55- Carefully follow the instructions above and only draw the required object. 50- 45- At this real wage of $25, what is the total wage bill (total payment to labor)? $ 40- (Enter your response rounded to the nearest dollar.) 35- 30- Real Wage 25- 20- 15- 10- MPL 5- O- 10 20 30 40 50 60 70 80 90 100 110 Labor, L