3. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 8 hours.Now, if the labor of this worker produces $40 commodities by working 8 hours a day, will this business produce any surplus-value?a) Yes.b) No.

Surplus value is defined in Marxian economics as the difference between the amount raised via the…

Answered: b) Nc | bartleby

Business

Economics

b) Nc

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by the socially necessary labor time of 8 hours.
Now, if the labor of this worker produces $40 commodities by working 8 hours a day, will this business produce any surplus-value?
a) Yes.
b) No.

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