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19. A firm will try to be in each of these situations except (LO6) a) MRP of capital = Price of capital b) MRP of

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19. A firm will try to be in each of these situations except (LO6) a) MRP of capital = Price of capital b) MRP of land/Price of land = 1 c) 1 - Price of labor = MRP of labor d) MRP of land/Price of land = MRP of labor/Price of labor 20. The decline in washing machine prices in the 1950s led to an increase in the employment of women because the -. (L05) a) output effect outweighed the substitution effect b) substitution effect outweighed the output effect c) substitution and output effects offset each other

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