For an Activity with More Than One Immediate Predecessor Activity,which

question 31

Multiple Choice

For an activity with more than one immediate predecessor activity,which of the following is used to compute its earliest finish (EF) time?

• A)the largest EF among the immediate predecessors
• B)the average EF among the immediate predecessors
• C)the largest LF among the immediate predecessors
• D)the difference in EF among the immediate predecessors

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as the industry's output expands.

Constant-Cost Industry

An industry where the cost of production does not change as the industry's output changes.

Increasing-Cost Industry

An industry in which costs per unit of output increase as the scale of output is increased due to factors such as shortages of resources or higher input costs.

Long-Run Equilibrium

A state in economics where all factors of production and outputs are variable, allowing for the adjustment to changes in demand, supply, and prices, resulting in a situation where firms earn normal profit.