Question

Workers picking strawberries can pick 100 baskets an hour, but it only costs the employera value of 20 baskets to pay them their hourly wages. The income the employer collects from the extra baskets is __________, according to Karl Marx.

a.extra wages
b.surplus value
c.wage theft
d.surplus income
e.the means of production

Answer 1

B. Surplus value

Step-by-step explanation:

Surplus-value can be defined as the extra amount that remained after deducting the amount raised through the sales that was made from the sales of a product from the actual amount used in producing that product.

Therefore SURPLUS VALUE can equally be seen as the surplus amount which workers or labourers received in excess of their own labor cost especially when the product produce generate more profit which is why SURPLUS VALUE is vital to capital owners in terms of consumption due to the large amount of capital that is been accumulated.

Hence, the higher the SURPLUS VALUE the higher the net income will be.