Examlex
A simple CPM network has five activities, A, B, C, D, and E. A is an immediate predecessor of C and of D. B is also an immediate predecessor of C and of D. C and D are both immediate predecessors of E.
Surplus
An excess of production or supply over demand, often leading to a decrease in prices.
Lower Labor Productivity
A condition where there is a decrease in the amount of goods or services produced per unit of labor.
Technology Production
The process of designing, manufacturing, and introducing new technological goods or services.
Equilibrium Price
The cost at which the volume of goods available equals the volume desired by buyers in the market.
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