Question
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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