In the AOA Network,circles Depict ________

question 30

Multiple Choice

In the AOA network,circles depict ________.

• A)networks
• B)events
• C)logical dependencies
• D)dummy activities

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Definitions:

Average Total Costs

The sum of all the production costs divided by the quantity of output produced, representing the per-unit cost of production.

Average Variable Costs

Costs that vary with the level of output, divided by the quantity of output produced, indicating the variable cost per unit.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales in a company.

Marginal Cost

The addition to total cost that results from producing one more unit of output.