Plz answer in 1 hour 7. Given the following data, please explain how much profit and rent will be present on both land 1 and 2. 1 ounce of silver = $1 Subsistence wage = 10 bushels of wheat On land 1,...


Plz answer in 1 hour


7. Given the following data, please explain how much profit and rent will be present on both land 1 and 2.



1 ounce of silver = $1



Subsistence wage = 10 bushels of wheat



On land 1, a worker can either produce 200 bushels of wheat or 200 ounces of silver. Land 1’s landowner employs 10 workers



On land 2, a worker can either produce 100 bushels of wheat or 200 ounces of silver. Land 2’s landowner employs 10 workers



How would Marx explain the concept of profit associated with land 1 and 2?



Jun 05, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here