$1.$ Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of$$ Macmillanthe events described below. Assume that production follows a Cobb$-$Douglas production function., and the reala. If an earthquake destroys some of the capital stock, then the real wage wouldrental price of capital wouldb. If a technological advance improves the production function, the real wage would price of capital would, and the real rentalBENG