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Lobster

Lobster Raw material Animal Products
Production31,470 t p.a.
Exports8,992 t
Value per tonne✦18,530
Revenue✦583 m
Value added✦581 m
Surplus✦334 m
  • Per tonne:
  • Labour ✦4,429 (Sf 1.85)
  • Materials ✦0
  • Capital ✦2,610
  • Energy ✦75
  • Surplus ✦11,416

Whole chain per tonne: 150 labour hours, 1,500 kWh.

Formula

A.C. = w0LhSf Labour ✦4,429 Shadow wage w0 ✦16 an hour Γ— Lh 150 hours per tonne Γ— skill factor Sf 1.85 Sf for agriculture: training ✦30,000 against ✦45,000, queue 10 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦2,610 Depreciation and maintenance ✦1,800 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦75 E 1,500 kWh per tonne Γ— pe ✦0.05 per kWh = ✦7,114

A.V. = rP*world Accounted value ✦18,530 per tonne World price $12,500 per tonne less freight and insurance 1.16% = P* $12,355 Γ— r 1.5 crowns per US dollar Export parity: the price at the Commonwealth border for a good it sells abroad. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦18,530

Revenue = A.V. Γ— Q Accounted revenue ✦583 m p.a. Domestic: 22,480 t Γ— ✦18,530 = ✦417 m Exports: 8,992 t Γ— ✦18,530 = ✦167 m = ✦583 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦334 m p.a. Revenue ✦583 m βˆ’ cost ✦7,114 Γ— 31,470 t = ✦359 m Export charges ✦25 m: 15% of export revenue (federal levy and permit fee) Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦334 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.

  • Final domestic use 22,480 t ✦417 m 71.4%
  • Exports 8,992 t ✦167 m 28.6%