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Edgeworth Production Box |
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Edgeworth Production BoxA variation of the consumption Edgeworth Box that instead represents the allocations of 2 factors to 2 industries for use in production functions. Efficient allocations now appear as tangencies between isoquants, while the contract curve becomes the efficiency locus.Similar MatchesProduction rateProduction rateThe coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Production workerProduction workerA worker directly engaged in production. In empirical studies of skilled and unskilled labor, data on production workers are often taken to represent unskilled labor. Neighborhood production structureNeighborhood production structureA structure of technology for a general equilibrium model due to Jones and Kierzkowski (1986). With an arbitrary but equal number of goods and factors, each factor produces two (different) goods, each good uses two (different) factors, in a way that yields more unambiguous results than one normally finds in high-dimension trade models without specific factors. Production externalityProduction externalityAn externality arising from production. Production flow commitmentProduction flow commitmentAn agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Further SuggestionsProduction possibility frontierIndustrial production Multistage production Production possibility curve Production possibilities schedule Production Cost Advantage Nonproduction worker Current production rate Production function Neoclassical production function Factor of production |
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