Cultured Protein

A.C. = w₀L_hS_f Labour ✦240 Shadow wage w₀ ✦16 an hour × L_h 4 hours per tonne × skill factor S_f 3.74 S_f for science: training ✦120,000 against ✦45,000, queue 60 hours against 48 + Σ q_iP_irλ_i Materials ✦370 Chemicals: 50 kg × $405/t × r 1.5 × border 1.06 × λ 1.00 = ✦32.2 Sugar: 750 kg × $225/t × r 1.5 × border 0.90 × λ 1.00 = ✦228 Tea: 50 kg × $1,500/t × r 1.5 × border 0.98 × λ 1.00 = ✦110 + (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 ✦175 E 3,500 kWh per tonne × p_e ✦0.05 per kWh = ✦2,090

A.V. = rP*_world Accounted value ✦4,575 per tonne World price $3,000 per tonne plus freight and insurance 1.67% = P* $3,051 × 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. = ✦4,575

Revenue = A.V. × Q Accounted revenue ✦3.21 bn p.a. Domestic: 702,500 t × ✦4,575 = ✦3.21 bn = ✦3.21 bn

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦1.75 bn p.a. Revenue ✦3.21 bn − cost ✦2,090 × 702,500 t = ✦1.75 bn Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦1.75 bn