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Construct an Activity on the Node (AON) network diagram with at least 5 tasks that illustrate predecessors, successors and parallel activities.Label the nodes appropriately and assuming your tasks show estimated durations in days, state the estimated time for completing your project.
MRTS
The Marginal Rate of Technical Substitution, depicting the rate at which one input can be substituted for another in the production process while keeping output constant.
Fixed-Proportion
A production situation where input factors must be combined in rigidly specified quantities, without the flexibility to substitute one input for another.
Production Function
A mathematical representation that shows the relationship between input factors and the output of a product or service.
Production Process
The series of steps and activities involved in transforming raw materials into finished goods or services.
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