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Atleast first four questions 1 point Consider an economy where 100 workers produce $10 million of output in a year. Each worker receives the equivalent
Atleast first four questions
1 point Consider an economy where 100 workers produce $10 million of output in a year. Each worker receives the equivalent of $25,000 as wage for the year. Raw materials and machinery ( depreciation costs) amounting to $2.500,000 is used to produce this output. What is the rate of exploitation ( expressed as a percent)? Type your answer. 2 1 point Now suppose the capitalists make the 100 workers overtime at the same annual wages ($25,000) so that the value of output (with the same number of workers) is now $12.5 million. What is the rate of exploitation now ( expressed as a percentage)? Type your answer. 3 1 point The capitalist in question 2 have increaseased the rate of extraction of relative surplus value. True O False 1 point Now suppose that the capitalist in question 1 introduce new labor saving technology. Now 80 workers ( at the same annual wage of $25000) work with raw material and machinery ( depreciation costs) worth $3,500,000 to produce output worth 12.5 million. What is the rate of exploitation ( expressed as a percent)? Type your answer. 5 1 point The capitalists in question 4 have increased the rate of extraction of relative surplus value True O False 6 1 point Fordism represents an intensification of the extraction of relative surplus value O True False 7 1 point Lean production systems is solely about intensifying the extraction of relative surplus value O O FalseStep by Step Solution
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