1. Assume that the production of wine requires land (T) and labor (L) and it follows diminishing returns to scale. This would mean that as you increase the labor input, keeping land fixed, the marginal product of labor would: a) Remain the same b) Increase c) Decrease d) Increase first and then decrease

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A: Beginning End D (d-dbar)^2 53.82 54.19 0.006875 0.002943 77.02 55.7 -0.27681 0.052640 109 102....

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