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Assumptions for Case 1: The standard workday is 10 hours. The combination of productive commodities needed to produce tents: 1 loom, 10 bolts of cloth,

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Assumptions for Case 1: The standard workday is 10 hours. The combination of productive commodities needed to produce tents: 1 loom, 10 bolts of cloth, 500 yards of rope, and 50 labor-powers produce 2400 new tents. A worker's daily means of subsistence consists of one tofu salad, one old tent, and one pair of shoes. The following initial values are given: 1 loom 100 hours 1 bolt of cloth 10 hours 1 yard of rope 1 hour 1 tofu salad 1 hour 1 old tent 2 hours 1 pair of shoes 1 hour Assumptions for Case 2: Assume that the new tents replace the old tents in the subsistence bundle. Recompute and record all entries requested in the answer sheet. ANSWER SHEET Name: Date: October CATEGORY CASE 1 CASE 2 value of one labor power value created by one labor power value of one new tent amount of surplus value extracted per day amount of profit extracted per day rate of surplus-value rate of profit

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