Consider the following statements in relation to Karl Marx’s theory of profit rate :
I. Profit rate depends directly on the value of organic composition of capital.
II. Profit rate depends directly on the value of rate of exploitation.
Which of the above statements are correct ? Answer from the codes below :
1
Both I and II are true.
2
Neither I nor II are true.
3
Only I is correct.
4
Only II is correct.