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Spectacles

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Factbook F-243161
Spectacles Tier 3 Medical
Production337,200 units p.a.
Exports0 units
Value per unit✦46.8
Revenue✦15.8 m
Value added✦14.7 m
Surplus✦9.16 m
  • Per unit:
  • Labour ✦9.36 (Sf 2.34)
  • Materials ✦3.05
  • Capital ✦6.96
  • Energy ✦0.25
  • Surplus ✦27.2

Whole chain per unit: 0.27 labour hours, 5.39 kWh.

Formula

A.C. = w0LhSf Labour ✦9.36 Shadow wage w0 ✦16 an hour Γ— Lh 0.25 hours per unit Γ— skill factor Sf 2.34 Sf for industry: training ✦45,000 against ✦45,000, queue 20 hours against 48 + Ξ£ qiPirΞ»i Materials ✦3.05 Optical Lenses: 20 g Γ— $100,000/t Γ— r 1.5 Γ— border 1.01 Γ— Ξ» 1.00 = ✦3.03 Plastics: 20 g Γ— $585/t Γ— r 1.5 Γ— border 0.96 Γ— Ξ» 1.00 = ✦0.0168 + (D + Mo)Ξ±e Capital ✦6.96 Depreciation and maintenance ✦4.8 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 ✦0.25 E 5 kWh per unit Γ— pe ✦0.05 per kWh = ✦19.6

A.V. = rP*world Accounted value ✦46.8 per unit World price $30 per unit plus freight and insurance 4% = P* $31.2 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. = ✦46.8

Revenue = A.V. Γ— Q Accounted revenue ✦15.8 m p.a. Domestic: 337,200 units Γ— ✦46.8 = ✦15.8 m = ✦15.8 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦9.16 m p.a. Revenue ✦15.8 m βˆ’ cost ✦19.6 Γ— 337,200 units = ✦9.16 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦9.16 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Barbados 33.3% Nassau 33.3% Oslola 33.3%

Inputs

Optical Lenses ✦1.02 m Plastics ✦5,656

Output

Final domestic use ✦15.8 m

Made from per unit

Used in p.a.

  • Final domestic use 337,200 units ✦15.8 m 100%