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  3. 7) given the following data, please explain how mu

7) Given the following data, please explain how much profit and rent will be present...

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Accounting

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7) 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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