Table 3b: Selected means of variable in the cost function models of the meat and poultry
industries: Full dataset, i.e does not include the technology index.
|
Variable |
-----------------------------Industry----------------------- | ||
|
Meat Slaughter |
Meat Processing |
Poultry Slaughter | |
|
Sanitation and |
0.969 |
0.985 |
0.931 |
|
Wages |
31.74 |
35.67 |
24.18 |
|
Price of Capital |
0.369 |
0.367 |
0.376 |
|
Price of Meat Inputs ($/lb.)_______ |
0.790 |
1.141 |
0.376 |
|
Total Costs |
243,918 |
29,533 |
97,725 |
|
Total Pounds of |
379,792 |
23,370 |
198,025 |
|
Labor Cost Share |
0.120 |
0.209 |
0.209 |
|
Meat Cost Share |
0.794 |
0.639 |
0.677 |
|
Capital Cost Share |
0.086 |
0.152 |
0.114 |
|
Observations______ |
199 |
470 |
143 |
25
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