1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 4 hours. If the total value of produced commodities by him in 8 hours equals $100, a) The paid wage to the worker in the Marxian framework is to be S b) The unpaid wage to the worker in the Marxian framework is to be S_ c) The constant capital (Transferred value of capital such as machinery and raw materials) will be 2. Suppose a worker can survive by daily consumption of S20 value of commodities as determined by the socially necessary labor time of 4 hours. Suppose the capitalist invests s10 in the means of production, which will be used up in the 8 hours of the worker's labor. Explain 1. How the commodity's exchange value adds up to $50. 2. The paid wage to the worker. 3. The unpaid labor, i.e., surplus value 4. Exploitation rate
1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 4 hours. If the total value of produced commodities by him in 8 hours equals $100, a) The paid wage to the worker in the Marxian framework is to be S b) The unpaid wage to the worker in the Marxian framework is to be S_ c) The constant capital (Transferred value of capital such as machinery and raw materials) will be 2. Suppose a worker can survive by daily consumption of S20 value of commodities as determined by the socially necessary labor time of 4 hours. Suppose the capitalist invests s10 in the means of production, which will be used up in the 8 hours of the worker's labor. Explain 1. How the commodity's exchange value adds up to $50. 2. The paid wage to the worker. 3. The unpaid labor, i.e., surplus value 4. Exploitation rate
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.10P
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