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Figure 7-2
-In Figure 7-2, at an output of 500, marginal cost equals
Activity Duration
The total time period required to complete a specific task or activity within a project, from start to finish.
PERT Network
A project management tool used to schedule, organize, and coordinate tasks within a project, PERT stands for Program Evaluation and Review Technique and it visually illustrates a project’s timeline and the dependencies between tasks.
Non-Critical Activities
Tasks or processes in project management that have slack and therefore, do not impact the project's completion time if delayed.
Critical Paths
The sequence of stages determining the minimum time needed for an operation, particularly in project scheduling.
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