Given the Project Within the Table Below Calculate
A

question 17

Essay

Given the project within the table below calculate
a. The critical path
b. The minimum project duration
c. The amount of slack for each activity
$$\begin{array} { | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Duration } \\\text { (hours) }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessors }\end{array} \\\hline \mathrm{A} & 4 & \text { None } \\\hline \mathrm{B} & 3 & \text { None } \\\hline \mathrm{C} & 10 & \text { None } \\\hline \mathrm{D} & 7 & \mathrm{~B}, \mathrm{C} \\\hline \mathrm{E} & 1 & \mathrm{D} \\\hline \mathrm{F} & 1 & \mathrm{E} \\\hline \mathrm{G} & 5 & \mathrm{~A}, \mathrm{~F} \\\hline\end{array}$$

Grasp the concept and effects of the law of diminishing returns in various sectors.

Understand the behavior of average fixed costs (AFC) as production levels change.

Interpret and analyze the flattening of U-shaped ATC curves and its implications on returns to scale.

Differentiate economic principles through theoretical and real-life examples, such as Adam Smith’s specialization principle and Parkinson's Law.

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