Evaluate Marx’s concept of “the capitalist mode of production,” as well as his analysis in Capital of the working day and its relation to wage levels and profit rates. Be sure to discuss the concepts of surplus-value, average productivity of labor-power, and socially necessary labor time and what they tell us about both class struggle under capitalism and competition between different capitalists.

STU Ltd is a company that provides computer training services and charges $8,000 per day for their services (credit terms include allowing customers 30 days to pay invoices). The Balance Sheet of STU Limited as at 31 May 2020 (completed) is provided in the table below Current Assets Cash Accounts receivable Prepaid petrol cards Total current assets Non-current assets Motor vehicle Accumulated Depreciation Total non-current assets Total Assets Current Liabilities Wages payable Accounts payable 31 May 2020 AUDS Note: You don't need to puta dollar sign in front of the value of comma and if a data field is not required enter "mia" in the data field 100,000 200,000 1,500 24,000 (2.000) 22.000 323 500 10,000 97,500 30 June 2020 AUDS Note: You don't need to put a dollar sign 5 in front of the value or comma and a data field is not required enter in the data Bold x x x x x Total Liabilities Shareholders' equity Share capital Retained profits Total Shareholders equity Total equity Liabilities 107,500 100,000 116,000 216,000 323,500 x x