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CONSIDER THE FOLLOWING PRODUCTION SITUATION FROM THE MARXIST PERSPECTIVE. Assumptions for Case 1: The standard workday is 10 hours. The combination of productive commodities needed

CONSIDER THE FOLLOWING PRODUCTION SITUATION FROM THE MARXIST PERSPECTIVE.

Assumptions for Case 1:

The standard workday is 10 hours. The combination of productive commodities needed to produce dishwashers: 10 tons of steel plus 4 tons of plastic plus 150 labor-powers produce 300 dishwashers. A worker's daily means of subsistence consists of two "Big Macs", one tent, and one pair of shoes.

The following values are given:

1 ton of steel

300 hours of SNALT

--

1 ton of plastic

100 hours of SNALT

--

1 "Big Mac"

2 hours of SNALT

--

1 tent

2 hours of SNALT

--

1 pair of shoes

1 hour of SNALT

--

Assumptions for Case 2:

Assume that the value of 1 tent falls to 1 hour of SNALT instead of 2 hours. Everything else remains as in Case 1. Recompute and record all entries requested below.

value of one labor power

value created by one labor power

value of one dishwasher

amount of surplus value extracted per day

amount of profit extracted per day

rate of surplus-value

rate of profit

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