Assume an employee works five hours producing an amount of product equal in value to her wage

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Assume an employee works five hours producing an amount of product equal in value to her wage and then spends another three hours producing an amount of product over and above the value of her salary. What are the number of hours of necessary labor? Surplus labor? What is the rate of exploitation? Explain in words what the numbers mean.

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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