Question: Given the following data, please explain how much profit and rent will be present on both land 1 and 2. 1 ounce of silver

Given the following data, please explain how much profit and rent will

 

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?

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