Table 7.4 -Using Table 7.4, What Is the Minimum Number of Activities

question 98

Multiple Choice

Table 7.4

-Using Table 7.4, what is the minimum number of activities that would have to be crashed to cause a decrease in the project's earliest completion date?

• A) one activity
• B) two activities
• C) three activities
• D) four or more activities

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Definitions:

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, holding other factors constant.

Total Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Law of Diminishing Returns

This economic law states that after a certain point, successive increments of a single factor of production yield progressively smaller increases in output.