According to Karl Marx, if workers produce $20 worth of goods and are paid $13 in subsistence wages, then surplus value is:
A) $7.
B) $13.
C) $20.
D) $33.

Question

Quizplus · Accepted Answer

According to Marx, surplus value is the difference between the value of goods produced by workers and the subsistence wages they are paid. Therefore, the surplus value in this scenario would be $7 (i.e. $20 - $13).

According to Karl Marx, If Workers Produce $20 Worth of Goods