Problem
1. (Firm's Demand for a Resource) How does the law of diminishing marginal returns affect a firm's demand for labor?
2. (Shifts of Resource Demand) Many countries are predominantly agricultural. How would changes in the supply of fertilizer affect the marginal product, and thus the income, of farmers in such countries?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.