Use This Information to Answer the Following Questions -Refer to the Information Above

question 3

Essay

Use this information to answer the following questions.
A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet.
$$\begin{array} { c l l } & \text { Immediate } \\\text { Activity } & \text { Predecessors } \\ \text { A } & - \\\text { B } & - \\\text { C } & \text { A, B } \\\text { D } & \text { C } \\\text { E } & \text { C } \\\text { F } & \text { D, E } \\\text { G } & \text { E } \\\text { H } & \text { F, G }\end{array}$$
-Refer to the information above.Assume that the catering manager was able to estimate the number of hours needed to complete each activity as follows.
$$\begin{array} { c c c c } \text { Activity } & \text { Optimistictime } & \text { Most Likely Time } & \text { Pessimistic Time } \\ \text { A } & 2 & 3 & 5 \\\text { B } & 4 & 6 & 7 \\\text { C } & 3 & 4 & 5 \\\text { D } & 2 & 3 & 5 \\\text { E } & 1 & 2 & 3 \\\text { F } & 5 & 7 & 11 \\\text { G } & 6 & 8 & 9 \\\text { H } & 4 & 6 & 7\end{array}$$
a.Use PERT to identify the expected time and variance for each activity.
b.What is the critical path?
c.What is the expected time and variance of the critical path?
d.Determine the expected completion time of the project.

Understand the shift in cost curves due to government taxes on producers.

Understand how marginal cost interacts with average total cost, average fixed cost, and average variable cost.

Comprehend the concept of economies and diseconomies of scale in production.

Understand the law of diminishing returns and its implications for production.

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Definitions:

Gregory Hickok

A cognitive scientist known for his work on the neural basis of language, particularly in relation to speech and auditory processing.

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An individual responsible for directing the performance of an orchestra or ensemble, interpreting the music, and leading rehearsals.