How much of the newly created value of workers labor

Assignment Help Microeconomics

Reference no: EM133270028

Assignment:

Answer the following questions, listing the necessary reasoning and algorithmic steps:

1. A good, the value of which consists of 60c + 20v + 20m (in dollars)

(1) What is the cost of production of this good?

(2) How much of the newly created value of workers' labor is contained in this good?

2. A garment is worth 100 yuan, which contains 15 yuan of the cost of plant, machinery, and equipment apportioned to this item; 20 yuan of the cost of fabric and other supplies; 5 yuan of utilities, etc.; and 20 yuan of labor costs.

(1) Write down the value of the dress.

(2) The length of the working day in the factory where this garment is produced is 12 hours. Then what is the remaining labor time per day?

3. The length of the workday is 12 hours and the original rate of surplus value is 100%. Suppose the value of labor is reduced to 2/3 of its original value, and the length of the workday is reduced to 10 hours.

(1) Is this change in absolute surplus value production or relative surplus value production?

(2) What is the rate of surplus value after the change?

Reference no: EM133270028

Questions Cloud

How special interest lobbying affects political campaigning : Explain the relationship between Citizens United and special interests/lobbying in terms of political campaigning.

Find the global coordinates of a body point : Find the global coordinates of a body point at Brp= [1,2,2]^T aftera) A rotation of 45 degrees about global Z-axis followed by 45 degrees about the global Y-axi

What does wang mean that it can decolonize technology : In the book Blockchain Chicken Farm, Xiaowei Wang Chapter FOUR "Shanzhai holds the power to decolonize technology" (134).

How big is international trade according to official figures : How big is international trade according to official figures? Name top 3 markets each country exports to and what products they export (back up with evidence).

How much of the newly created value of workers labor : What is the cost of production of this good? How much of the newly created value of workers' labor is contained in this good?

What is industrial ecology : What is industrial ecology? Provide a case study of industrial ecology from your hometown/Australian scenario.

Examples of a violation of antitrust laws : Provide specific examples as to why this merger is causing so much fear. Is this an example of a violation of antitrust laws?

Why is deficit spending : How much of discretionary spending goes toward national defense. Why is deficit spending and the national debt so crucial to pay attention to?

How will it affect things like employee salaries : For internally, how will it affect things like employee salaries, corporate culture, and affect the income gap between senior management and everyone else?

User Account

All Pages