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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![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 $
b) The unpaid wage to the worker in the Marxian
framework is to be $_
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
$20 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff20011ab-ef99-4cb7-8e76-44fbefc433c5%2F30ae88f3-287f-4c10-bd3e-c5aa70b0d537%2Fza6cgjr_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $
b) The unpaid wage to the worker in the Marxian
framework is to be $_
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
$20 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
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