Andrew Kliman
Table 1
POSITIVE SURPLUS-LABOR BUT NEGATIVE SIMULTANEIST PROFIT
(with equalized wage rate and equalized 2-day profit rate, and positive
physical surpluses and balanced expanded reproduction over two days)
PHYSICAL QUANTITIES
===================
Inputs
Sec- --------------- Living
Day tor Good 1 Good 2 Labor Output__
1 10,100 10,100 1.01 20,201.01
1 2 9,900 9,900 0.99 19,800.99
tot. 20,000 20,000 2.00
1 9,900 9,900 0.99 19,800.99
2 2 10,100 10,100 1.01 20,201.01
tot. 20,000 20,000 2.00
1 20,000 20,000 2.00 40,002.00
1&2 2 20,000 20,000 2.00 40,002.00
tot. 40,000 40,000 4.00
PRICES AND PROFITS
==================
Costs
Sec- Unit ------------------------ Total
Day tor Price Good 1 Good 2 Total Price Profit
1 0.99 9,999 10,201 20,200 19,999.00 -201.00
1 2 1.01 9,801 9,999 19,800 19,999.00 199.00
tot. 19,800 20,200 40,000 39,998.00 -2.00
1 1.01 9,999 9,801 19,800 19,999.00 199.00
2 2 0.99 10,201 9,999 20,200 19,999.00 -201.00
tot. 20,200 19,800 40,000 39,998.00 -2.00
1 19,998 20,002 40,000 39,998.00 -2.00
1+2 2 20,002 19,998 40,000 39,998.00 -2.00
tot. 40,000 40,000 80,000 79,996.00 -4.00
NOTES: Equalized wage rate = 0. "Total Price" and "Profit"
figures rounded to two decimal places.