Workers Picking Strawberries Can Pick 100 Baskets an Hour,but It

question 7

Multiple Choice

Workers picking strawberries can pick 100 baskets an hour,but it costs the employer only a 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

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Definitions:

Normality

In statistics, a condition in which a distribution approximates the normal distribution, characterized by a bell-shaped curve.

Consistent

In statistics, a property of an estimator indicating that as the sample size increases, it converges in probability to the true parameter value.

T Distribution

A statistical distribution type that emerges when calculating the average of a population with a normal distribution, under conditions where there are few samples and the population's standard deviation is not known.

Degrees Of Freedom

The number of independent values within a calculation that can freely vary when estimating statistical parameters.