Explain why the rate of profit and the rate of exploitation are considered to be inconsistent by
Question:
Explain why the rate of profit and the rate of exploitation are considered to be inconsistent by some economists. As part of your explanation, define the rate of profit and the rate of exploitation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The rate of profit and the rate of exploitation are two important concepts in Marxist economics and they are considered inconsistent by some economists due to the inherent contradictions within the ca...View the full answer
Answered By
Douglas Makokha
Unlock Academic Success with Dedicated Tutoring and Expert Writing Support!
Are you ready to excel in your academics? Look no further! As a passionate tutor, I believe that dedication and hard work are the keys to achieving outstanding results. When it comes to academics, I strive to provide nothing but the best for every student I encounter.
With a relentless thirst for knowledge, I have extensively researched numerous subjects and topics, equipping myself with a treasure trove of answers to tackle any question that comes my way. With four years of invaluable experience, I have mastered the art of unraveling even the most intricate problems. Collaborating with esteemed writers has granted me exclusive access to the trade secrets utilized by the industry's top professionals.
Allow me the pleasure of assisting you with your writing assignments. I thrive on challenges and will guide you through any obstacles you may face. Together, we will unlock your academic potential and pave the way for your success.
4.90+
60+ Reviews
345+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
The site http://virtualpiano.net features an online player piano. If you click on the Key Assist menu just above the piano keyboard, and then Keyboard Keys, you will see that each key is labelled...
-
Some organizational structures are considered to be project-driven. Define what is meant by project-driven. Which organizational forms described in this chapter would fall under your definition?
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
In order to evaluate lim f(a+h)-f(), it is necessary to evaluate f(a + h). h xa For f(x) = x 3, f(a+h) =
-
If Newton Manufacturers has an accounts receivable turnover of 4.8 times and net sales of $7,812,379, what is its receivables?
-
For n = 6 data points, the following quantities have been calculated: a. Determine the least-squares regression line. b. Determine the standard error of estimate. c. Construct the 95% confidence...
-
If the yield to maturity on a two-year zero coupon bond is 13 per cent and the yield to maturity on a one year zero coupon bond is 10 per cent, what is the expected spot rate of one-year bonds in one...
-
Faith Brooks, a 28-year-old college graduate, never took a personal finance class. She pays her bills on time, has managed to save a little in a mutual fund, and with the help of an inheritance has...
-
Present descriptive statistics on this case https://www.law.umich.edu/special/exoneration/Pages/casedetail.aspx?caseid=6375 in a clear and concise manner, using appropriate visualizations (graphs)....
-
How does the example in this chapter use the amount of labor used to produce a product to determine the relative value of one product in terms of another product, such as the value of pigs in terms...
-
Explain how the number of chickens could be the price of a pig in the simple economy.
-
A particle with charge +7.60nC is in a uniform electric field directed to the left. Another force, in addition to the electric force, acts on the particle so that when it is released from rest, it...
-
Figure 12.1. Sample team charter Team Charter Our team charter is an agreement among our team members about our team mission and goals, and the ground rules for behavior, operation, and management of...
-
Discuss the division of responsibilities of CRA for payroll functions.
-
Answer the following questions using the information below: Beginning finished goods, 1 / 1 / 2 0 X 3 $ 9 0 , 0 0 0 Ending finished goods, 1 2 / 3 1 / 2 0 X 3 7 7 , 0 0 0 Cost of goods sold 2 7 0 , 0...
-
the force P is applied to the 200-lb block A that rests atop the 100-lb crate. the system is at rest when P is first applied. Determine what happens to each body if (a) P=60 lb, (b) P=80 lb, and (c)...
-
For each of the 3 Receivables fraud types listed below, identify: a) Fraud symptoms and/or red flags b) Detection questions/methodology per symptom 1. Uncollectible receivables 2. Sales returns and...
-
This data table gives annual costs of 223 commercial leases. All of these leases provide office space in a Midwestern city in the United States. The cost of the lease is measured in dollars per...
-
What is your opinion of advertising awards, such as the Cannes Lions, that are based solely on creativity? If you were a marketer looking for an agency, would you take these creative awards into...
-
Two savings banks are located across the street from each other. The West Bank put a sign in the window saying, "We pay 6.50%, compounded daily." The East Bank put up a sign saying, "We pay 6.50%,...
-
Sally Struthers wants to have $10,000 in a savings account at the end of 6 months. The bank pays 8%, - compounded continuously. How much should Sally deposit now?
-
The I've Been Moved Corporation receives a constant flow of funds from its worldwide operations. This money (in the form of checks) is continuously deposited in many banks with the goal of earning as...
-
#7 Use three dimensions to compare a typical Class A share versus a Class B share issued by the #8 same company. (a) Compare Accounting return on equity (ROE) versus Investor's required rate of...
-
Consider a simple model for an energy system with the following characteristics:
-
Prepare income statements and balance sheets for each of the last six months (January - June). 1. Make your own assumption of the beginning paid-in capital at the beginning of January. 2. Assume that...
Study smarter with the SolutionInn App