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Production rateThe coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued.Production rate Similar MatchesProduction functionProduction functionA function that specifies the output in an industry for all combinations of inputs. Nonproduction workerNonproduction workerA worker not directly engaged in production. In empirical studies of skilled and unskilled labor, data on nonproduction workers are often taken to represent skilled labor. Multistage productionMultistage productionAnother term for fragmentation. Used by Dixit and Grossman (1982). 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. Edgeworth Production BoxEdgeworth 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. Further SuggestionsProduction possibilities scheduleNeoclassical production function Production possibility curve Production flow commitment Production possibility frontier Industrial production Factor of production Production Cost Advantage Neighborhood production structure Production externality Current production rate |
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