Table 3a: Selected means of variables in the cost function models of the meat and poultry
industries: Dataset includes the technology index.1
Variable |
-----------------------------Industry----------------------- | ||
Meat Slaughter |
Meat Processing |
Poultry Slaughter | |
Sanitation and |
0.966 |
0.984 |
0.931 |
Technology Index Value____________ |
0.581 |
0.561 |
0.619 |
Wages |
32.12 |
37.31 |
24.79 |
Price of Capital |
0.368 |
0.375 |
0.374 |
Price of Meat Inputs ($/lb.)_______ |
0.788 |
1.104 |
0.364 |
Total Costs |
24, 872 |
2,983 |
10,599 |
Total Pounds of |
37,256 |
2,592 |
19,704 |
Labor Cost Share |
0.118 |
0.205 |
0.207 |
Meat Cost Share |
0.796 |
0.642 |
0.686 |
Capital Cost Share |
0.086 |
0.153 |
0.107 |
Observations______ |
97 |
219 |
57 |
1. Observations without a technology index value were dropped, eliminating some observations.
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