A Key Assumption Underlying Project Networks Is: ________

question 22

Multiple Choice

A key assumption underlying project networks is: ________.

• A) dummy activities take up no time
• B) the critical path is known with certainty
• C) an activity begins only after all predecessors are completed
• D) a project network is cyclic

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production.

Marginal Product

The extra output that comes from increasing a particular input by one unit, while keeping all other inputs unchanged.

Marginal Revenue Product

The extra revenue generated by employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The additional revenue generated from using one more unit of a resource.