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Consider the following statements when answering this question: I. Whenever a firm's average variable costs are falling as output rises, marginal costs must be falling too.
II) Whenever a firm's average total costs are rising as output rises, average variable costs must be rising too.
Milestone Schedule
A project management tool that outlines the major points or events within a project timeline to help monitor progress.
Negative Float
A situation in project management where the calculated time to complete a set of tasks is less than the time allotted, indicating a project is behind schedule.
Critical Path
The longest sequence of activities in a project plan which must be completed on time for the project to finish on schedule.
Resource Calendar
A document or tool that details the days and times when specific resources are available to work on a project, including personnel and equipment.
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