Solved

Show How Employers Take Part of the Employee's Product as Profit

Question 17

Essay

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions