Labor Archives - Magnimetrics

What was the Labor Theory of Value?

The Labor Theory of Value was one of the early attempts to explain how market prices form. It followed the idea that the main driver for goods’ value is the labor necessary to produce them. Under the theory, the labor hours it takes workers to produce a commodity is the Read more…

By Dobromir Dikov, 7 days4 days ago

Creating a Variance Analysis Model – Part 2

This article builds upon the theory discussed in Creating a Variance Analysis Model – Part 1. Be sure to read this article before looking at the more practical examples below. Building a Variance Analysis Model in Excel Let’s create an Excel model to perform our variance analysis. For the exercise, we Read more…

By Dobromir Dikov, 2 years4 months ago