A Project Consists of the Following Four Activities with Activity

question 5

Multiple Choice

A project consists of the following four activities with activity times in days: Table 9.2

-Using Table 9.2, the earliest start (ES) time for activity B is

• A) 5 days.
• B) 6 days.
• C) 11 days.
• D) 14 days.

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Definitions:

Falling Costs

A situation where the expenses associated with producing a good or service decrease, often leading to lower prices for consumers.

Economies of Scale

The cost advantage that arises with increased output of a product, where average costs start to fall as production scales up.

Marginal Returns

denotes the additional output obtained by adding one more unit of a specific input, while keeping other inputs constant.

Diseconomies of Scale

The scenario where costs start increasing as a company or project becomes too large, leading to inefficiency.