I'm having a hard time digesting my teacher's lectures over Zoom/the endless readings that I retain 10% of. Can someone simplify the definition of how surplus product is generated in a capitalist society & who controls it as well as the Campbells soup question and how the values listed affect necessary product/total product/surplus product 2 Part Question a. Define surplus product. How is the surplus product generated in a capitalist society, and who controls it?
I'm having a hard time digesting my teacher's lectures over Zoom/the endless readings that I retain 10% of. Can someone simplify the definition of how surplus product is generated in a capitalist society & who controls it as well as the Campbells soup question and how the values listed affect necessary product/total product/surplus product
2 Part Question
a. Define surplus product. How is the surplus product generated in a capitalist society, and who controls it?
b. To produce 1000 cases of V8 juice it costs Campbell's Soup Co. $2,500 to purchase the tomatoes, carrots, celery, and other materials used to produce the product. It also costs $4,800 for the labor and $100 in wear and tears on the machinery. If the 1000 cases sell for $8,000, what are the dollar values for each of the following?
- Necessary product
- Total product
- Surplus product
Step by step
Solved in 3 steps
