Show how employers take part of the employee's product as profit in market capitalism.
-Assume the price of a quart of yogurt is $5 in the market. A firm employs one worker, and she earns $6 an hour for an eight-hour day. Other inputs to produce a quart of yogurt come to $2 per quart. Each day, the firm produces and sells 20 quarts of yogurt. Calculate the surplus value and rate of profit per worker.
Correct Answer:
Verified
Q11: Explain how the relative value of products
Q12: Explain how the relative value of products
Q13: Show how employers take part of the
Q14: Show how employers take part of the
Q15: Show how employers take part of the
Q17: Discuss the ways in which labor is
Q18: Discuss the ways in which labor is
Q19: Discuss the ways in which labor is
Q20: Discuss the ways in which labor is
Q21: Discuss the ways in which labor is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents