- Per unit:
- Labour β¦324 (Sf 2.70)
- Materials β¦1.28
- Capital β¦52.2
- Energy β¦5
- Surplus β¦398
Whole chain per unit: 7.51 labour hours, 101 kWh.
Formula
A.C. = w0LhSf Labour β¦324 Shadow wage w0 β¦16 an hour Γ Lh 7.5 hours per unit Γ skill factor Sf 2.70 Sf for trades: training β¦40,000 against β¦45,000, queue 36 hours against 48 + Ξ£ qiPirΞ»i Materials β¦1.28 Steel: 1 kg Γ $332/t Γ r 1.5 Γ border 0.93 Γ Ξ» 1.00 = β¦0.463 Timber: 10 kg Γ $75/t Γ r 1.5 Γ border 0.72 Γ Ξ» 1.00 = β¦0.814 + (D + Mo)Ξ±e Capital β¦52.2 Depreciation and maintenance β¦36 per unit 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 β¦5 E 100 kWh per unit Γ pe β¦0.05 per kWh = β¦382
A.V. = rP*world Accounted value β¦780 per unit World price $500 per unit plus freight and insurance 4% = P* $520 Γ 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. = β¦780
Revenue = A.V. Γ Q Accounted revenue β¦219 m p.a. Domestic: 281,000 units Γ β¦780 = β¦219 m = β¦219 m
Surplus = (A.V. β A.C.) Γ Q β levies Accounted surplus β¦112 m p.a. Revenue β¦219 m β cost β¦382 Γ 281,000 units = β¦112 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = β¦112 m
Output