Assume the price of a quart of yogurt is $5 in the market. A firm employs one
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Assume the price of a quart of yogurt is $5 in the market. A firm employs one worker, and she earns $6 an hour for an eight-hour day. Other inputs to produce a quart of yogurt come to $2 per quart. Each day, the firm produces and sells 20 quarts of yogurt. Calculate the surplus value and rate of profit per worker.
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Related Book For
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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