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Olive Oil

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Factbook F-243161
Olive Oil Raw material Processed Food
Production56,200 t p.a.
Exports0 mg
Value per tonne✦3,818
Revenue✦215 m
Value added✦214 m
Surplus✦163 m
  • Per tonne:
  • Labour ✦562 (Sf 2.34)
  • Materials ✦0
  • Capital ✦348
  • Energy ✦15
  • Surplus ✦2,893

Whole chain per tonne: 15 labour hours, 300 kWh.

Formula

A.C. = w0LhSf Labour ✦562 Shadow wage w0 ✦16 an hour Γ— Lh 15 hours per tonne Γ— skill factor Sf 2.34 Sf for industry: training ✦45,000 against ✦45,000, queue 20 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦348 Depreciation and maintenance ✦240 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 ✦15 E 300 kWh per tonne Γ— pe ✦0.05 per kWh = ✦925

A.V. = rP*world Accounted value ✦3,818 per tonne World price $2,500 per tonne plus freight and insurance 1.8% = P* $2,545 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. = ✦3,818

Revenue = A.V. Γ— Q Accounted revenue ✦215 m p.a. Domestic: 56,200 t Γ— ✦3,818 = ✦215 m = ✦215 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦163 m p.a. Revenue ✦215 m βˆ’ cost ✦925 Γ— 56,200 t = ✦163 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦163 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Canary 20% Meridia 20% Mira 20% Tenerife 20% Ventura 20%

Output

Final domestic use ✦215 m

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.

  • Final domestic use 56,200 t ✦215 m 100%