Trucks

A.C. = w₀L_hS_f Labour ✦2,809 Shadow wage w₀ ✦16 an hour × L_h 75 hours per unit × skill factor S_f 2.34 S_f for industry: training ✦45,000 against ✦45,000, queue 20 hours against 48 + Σ q_iP_irλ_i Materials ✦2,720 Glass: 80 kg × $315/t × r 1.5 × border 0.93 × λ 1.00 = ✦35 Rubber: 300 kg × $850/t × r 1.5 × border 0.97 × λ 1.00 = ✦370 Steel: 5 t × $332/t × r 1.5 × border 0.93 × λ 1.00 = ✦2,315 + (D + M_o)α_e Capital ✦10,440 Depreciation and maintenance ✦7,200 per unit × 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 ✦500 E 10,000 kWh per unit × p_e ✦0.05 per kWh = ✦16,470

A.V. = rP*_world Accounted value ✦70,200 per unit World price $45,000 per unit plus freight and insurance 4% = P* $46,800 × 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. = ✦70,200

Revenue = A.V. × Q Accounted revenue ✦1.97 bn p.a. Domestic: 28,100 units × ✦70,200 = ✦1.97 bn = ✦1.97 bn

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦1.51 bn p.a. Revenue ✦1.97 bn − cost ✦16,470 × 28,100 units = ✦1.51 bn Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦1.51 bn