Examlex
If you were to look at a PERT chart for assembling a hamburger at McDonald's, you would see that grilling the beef patty and applying ketchup to the bun can be performed simultaneously. Grilling the patty takes 120 seconds, and applying the ketchup to the bun takes 10 seconds. Other steps in the process take a total of 35 seconds. What is the length of the critical path?
Marginal Benefit
The surplus happiness or utility experienced from using an extra unit of any good or service.
Public Good
A public good is a good that is non-excludable and non-rivalrous, meaning it can be used by everyone freely without depleting its availability to others.
Nonrivalry
A characteristic of certain goods where the consumption by one individual does not reduce availability to others, often seen in digital or public goods.
Nonexcludability
A characteristic of certain goods where it is difficult or impossible to prevent someone from using the good once it has been provided.
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