Marx labor theory of value
If we accept Marx"s labor theory of value, we run into a different problem: if a workingday of 8 hours creates the same amount of value in a highly mechanized industry as in an industry with few machines, why do the capitalists introduce machines?
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Information on Fleming Company's direct material costs follows:What was the company's direct material price variance?
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If we accept Marx"s labor theory of value, we run into a different problem: if a workingday of 8 hours creates the same amount of value in a highly mechanized industry as in an industry with few machines, why do the capitalists introduce machines
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