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1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 4 hours.

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1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 4 hours. If a capitalist hires this worker to work for him 8 hours a day, how much will the capitalist be paying him within the Marxian framework? a) $20. b) $40. c) $160. d) Not enough information is available to calculate the paid wages. 2. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 4 hours. If a capitalist hires this worker to work for him for 8 hours a day, will this worker produce any surplus-value? a) Yes. b) No

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