The slope defines the rate at which production of one good can be redirected (by reallocation of productive resources) into production of the other.
Nevertheless, since the production function presents decreasing return to scale, the reallocation of productive activities from the less to the more economical plant is a finite process before the non-negativity constraint is binding.
A defeat at Midway would have forced a reallocation of industrial production and warships.
If a perennial biomass crop like Miscanthus could be bred to produce maize-like grain, how much reallocation of existing production from stems to seeds might be necessary?
Increasing trade with new partners has resulted in a reallocation of factors of production and consequent transitional costs, such as failing businesses and higher unemployment.
However, it is likely that world price surges at the world market can be channeled to the household level welfare changes through reallocation of the sectoral production and value-added and through the adjustment in the product and factor markets.
In the context of Switzerland's climate policy and thus concentrating on emissions that are an important part of firms' energy use, these firms may be exposed to the risk of carbon leakage the reallocation of energy-intensive production processes to countries with laxer environmental policies20.
Using U.S. firm-level data from 1971 to 2000, this paper quantifies the importance of production input reallocation in explaining the information technology (IT) driven productivity growth.
When proliferating within females, P. ramosa induces the reallocation of resources usually spent in egg production to the production of somatic tissue.
