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Production function |
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Production functionA function that specifies the output in an industry for all combinations of inputs.Similar MatchesProduction possibilities scheduleProduction possibilities scheduleThe maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Factor of productionFactor of productionFactor (definition 1). 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 flow commitmentProduction flow commitmentAn agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Production Cost AdvantageProduction Cost AdvantageA source of competitive advantage that depends on producing some product or service at the lowest cost. Further SuggestionsCurrent production rateMultistage production Production worker Production rate Industrial production Production possibility curve Production possibility frontier Nonproduction worker Production externality Edgeworth Production Box Neoclassical production function |
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