Principles of Political Economy and Taxation. 171 



On the second limiting soil 



, , i, , t , i / p'r' — l'w' 

 pr =lw + yc ; whence y = - ; , 



, ,, r , (pr-lw')l' 



or since prl=prl, y = — , 7 



c t 



cV 

 Hence y'c = {pr — lw') -n . 

 c t 



Let the price increase, so that p'=p(l+x) ; then (Post n.) 



w' = w (1 +fx). 



Also let pr = nlw. Then we have, for one acre of the first soil, 

 after the second is cultivated, 



Wages = lw' = (1 +fx) lw. 



Profits = 7 'c= \nlw-(l+fx)lw)\ ^ 



= (n-\-fx) lw -^. 



Rent =p'r — lw' - y'c 



= (1 + x) nlw—(\ +fx) Iw — y'c 



cl'\ 



= In — I -vnx—fx — (n- 1— fx) —\ 



lw. 



These are the amounts in money. The amounts of these 

 quantities in corn will be found by dividing each by the price 



p' =p (1 + x). 



If we suppose the capital on an acre of the new soil to be 

 greater in proportion as the labour employed upon it is less, we 

 have el'—dl\ and in this case, for one acre. 



Wages = (1 +fx) lw. 

 Profits = (n - 1 -fx) lw. 

 Rent =nxlw. 

 y2 



