You Have Collected the Data for a Time-Cost CPM Scheduling

question 11

Multiple Choice

You have collected the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the project "direct costs" are given below. The indirect costs for the project are determined on a daily duration basis.If the project lasts 16 days the total indirect costs are $400, 15 days they will be $250, 14 days they will be $200, and 13 days they will be
$100.If you crash this project by one day what is the total (i.e., direct and indirect) project cost?

• A)$2,150
• B)$2,300
• C)$2,400
• D)$2,450
• E)$2,500

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Definitions:

Consumer Incomes

The total amount of income earned by consumers, influencing their spending patterns and demand for goods and services.

Complementary Goods

Goods that are consumed together because the use of one enhances the use of the other, such as computers and software.

Normal Good

A good for which demand increases as the consumer’s income increases, holding all other factors constant.

Money Income

The total amount of monetary earnings received by an individual or household from various sources, including wages, salaries, and investments.