A firm with 100 workers produces 1000 units a month with fixed capital depreciation costs of $90,500, raw materials $199,000, auxiliary materials $10,000, and unit cost of wages 10usd/ 1 product. m'=250% a. Calculating value: constant capital, variable capital, fixed capital, mobile capital b. Calculate the average salary of 1 worker c. Calculate the total value of products of the business and the value of 1 product unit
A firm with 100 workers produces 1000 units a month with fixed capital depreciation costs of $90,500, raw materials $199,000, auxiliary materials $10,000, and unit cost of wages 10usd/ 1 product. m'=250% a. Calculating value: constant capital, variable capital, fixed capital, mobile capital b. Calculate the average salary of 1 worker c. Calculate the total value of products of the business and the value of 1 product unit
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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A firm with 100 workers produces 1000 units a month with fixed capital
a. Calculating value: constant capital, variable capital, fixed capital, mobile capital
b. Calculate the average salary of 1 worker
c. Calculate the total value of products of the business and the value of 1 product unit
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