A rebuilt bicycle is worth a certain amount because it takes that much labor to produce it. Who did Marx believe should be compensated for the bicycle?

Question

A rebuilt bicycle is worth a certain amount because it takes that much labor to produce it. Who did Marx believe should be compensated for the bicycle?

A. The laborer who rebuilt the bicycle should receive the value in full..

B. The laborer and the seller should divide the value equally.

C. The seller should receive the value in full.

D. The amount received for the bicycle should go back into the company.

B and D don't look correct, so between A and C, I'm guessing A because its Carl Marx.. Please tell me if I'm wrong, Thanks again!

Answer 1

Definitely it's A.

Answer 2

You are correct in selecting option A. According to Marx's theory of labor value, the laborer who rebuilt the bicycle should receive the value in full. Marx believed that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. In this case, the laborer's labor is what adds value to the bicycle through the process of rebuilding it. Thus, Marx argues that the laborer should be compensated for the full value produced by their labor.