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Q. It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. This is due to numerous reasons including different countries' divisions of day's work into necessary and surplus labour and actual wages can go above or below a worker's value of his labour power. Hans: Marx is not talking about a communist society but about capitalism. Are you still thinking that Capital is a blueprint for a better society?
Compare the marginal benefits and the marginal costs associated with your purchasing decision. Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
Illustrate what is the source of IKEA's success today. Can you see any weaknesses in the company. What might it do to correct these.
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
What is total cost of saving water. Illustrate what is marginal cost saving 1 meter cubic of water.
how will my answers change if supply was perfectly inelastic. If supply was perfectly elastic. If demand was perfectly inelastic. If demand was perfectly elastic.
The 1st way is simply to utilize the price of the product in the exporter's home marketplace as the fair marketplace value.
Elucidate which firm's product provides the greatest value-created.
What would the annual percentage change in velocity have to be on average for the quantity theory to hold.
Elucidate how much the money supply will rise in response to a new cash deposit of $500 by completing the accompanying table.
hire many more employee than were available on the island. As a result, prices for goods and services rose dramatically across the board.
Explain what are the implications of this for the relative stability or instability of the prices of pork and lamb compared with other foodstuffs.
Illustrate what is her economic profit or economic loss. What happens to demand for labor. What are the new equilibrium wage rate and employment level.
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