Ammunition

A.C. = w₀L_hS_f Labour ✦1,124 Shadow wage w₀ ✦16 an hour × L_h 30 hours per tonne × skill factor S_f 2.34 S_f for industry: training ✦45,000 against ✦45,000, queue 20 hours against 48 + Σ q_iP_irλ_i Materials ✦3,428 Copper: 350 kg × $4,500/t × r 1.5 × border 1.01 × λ 1.00 = ✦2,397 Explosives: 100 kg × $1,500/t × r 1.5 × border 1.02 × λ 1.00 = ✦230 Lead: 350 kg × $1,050/t × r 1.5 × border 1.03 × λ 1.00 = ✦567 Steel: 100 kg × $332/t × r 1.5 × border 0.93 × λ 1.00 = ✦46.3 Zinc: 100 kg × $1,215/t × r 1.5 × border 1.03 × λ 1.00 = ✦187 + (D + M_o)α_e Capital ✦1,305 Depreciation and maintenance ✦900 per tonne × financing 1.45 × waste factor α_e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. α_e is 1.00 when maintenance hours and defects are on target. + Ep_e Energy ✦150 E 3,000 kWh per tonne × p_e ✦0.05 per kWh = ✦6,006

A.V. = rP*_world Accounted value ✦11,390 per tonne World price $7,500 per tonne plus freight and insurance 1.27% = P* $7,597 × r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦11,390

Revenue = A.V. × Q Accounted revenue ✦160 m p.a. Domestic: 14,050 t × ✦11,390 = ✦160 m = ✦160 m

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦75.7 m p.a. Revenue ✦160 m − cost ✦6,006 × 14,050 t = ✦75.7 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦75.7 m