Briefly Describe the Roles of the Product Owner, the Development

question 54

Essay

Briefly describe the roles of the product owner, the development team, and the Scrum master.

---

Definitions:

Marginal Revenue

The additional income earned by selling one more unit of a product or service.

Average Total Cost

The total cost divided by the quantity produced, indicating the average cost per unit of output.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, measured in terms of opportunity costs.

Long Run

A period in economics where all factors of production and costs are variable, allowing full adjustment to changes.