Edgeworth Production Box

 

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Edgeworth Production Box

A 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 Matches

Industrial production

Industrial production

A statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator.


Current production rate

Current production rate

The highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities.


Production externality

Production externality

An externality arising from production.


Production possibility curve

Production possibility curve

See production possibility frontier.


Factor of production

Factor of production

Factor (definition 1).


Further Suggestions

Production flow commitment
Production possibility frontier
Neighborhood production structure
Neoclassical production function
Nonproduction worker
Production rate
Production possibilities schedule
Production worker
Production Cost Advantage
Production function
Multistage production


 
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