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3. | TR EV XQ TC C+V S* S*/C+V w/Q C V S W Q w/a EV 60 20 20 100 10 B 60 20 20 100 10 C 120 20 20 160 20 360 40 What is the rate of exploitation for these three firms? a. b. Fill in the w/q column which is the amount of time (value) for each individual firm. What do your results show? c. If all three firms were previous exactly the same that is the same as A and B the exchange value (EV) would be 10 however given the new circumstances what is the new EV (Hint W is total value created in the industry and Q is the total output. You need to find the Socially Necessary Abstract Labor which is the average labor time for the industry) d. To find the profits for each firm subtract the Total Costs TC from the Total Revenue TR-TC? e. Can you summarize what might of happened in this table with respect to the three firms and consequences for those three firms. f. If all the firms copy the C firm what will be the consequence for the EV and Profit Rate? 3. | TR EV XQ TC C+V S* S*/C+V w/Q C V S W Q w/a EV 60 20 20 100 10 B 60 20 20 100 10 C 120 20 20 160 20 360 40 What is the rate of exploitation for these three firms? a. b. Fill in the w/q column which is the amount of time (value) for each individual firm. What do your results show? c. If all three firms were previous exactly the same that is the same as A and B the exchange value (EV) would be 10 however given the new circumstances what is the new EV (Hint W is total value created in the industry and Q is the total output. You need to find the Socially Necessary Abstract Labor which is the average labor time for the industry) d. To find the profits for each firm subtract the Total Costs TC from the Total Revenue TR-TC? e. Can you summarize what might of happened in this table with respect to the three firms and consequences for those three firms. f. If all the firms copy the C firm what will be the consequence for the EV and Profit Rate

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