Assume that there are 3 industries. Each industry is located

Assume that there are 3 industries. Each industry is located on an island and has no contact or awareness of the other 2 industries on their respective islands. Industry 1 makes baseballs Industry 2 makes hammers Industry 3 makes machine tools Here is the situation on each industry on its own island. The components of constant capital are entirely consumed during the production process in each industry. The baseball industry 100 square yards of leather, 2,000 feet of thread, and 1000 labor-powers are combined to produce 10,000 baseballs. The value of 1 square yard of leather is 10 hours of SNALT The value of 1 foot of thread is 0.1 hour of SNALT The value of one labor-power is 4 hours of SNALT The length of the workday is 10 hours The hammer industry 2 tons of steel, 1 ton of wood, and 500 labor-powers are combined to produce 1,000 hammers. The value of a ton of steel is 2000 hours of SNALT The value of a ton of wood is 300 hours of SNALT The value of one labor-power is 4 hours of SNALT The length of the workday is 10 hours The machine tool industry An assembly line, 10 punch machines, 5 tons of steel, and 10 labor-powers are combined to produce 500 machine

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