Use the Information in the Table and Assume That a Worker

question 5

Multiple Choice

Use the information in the table and assume that a worker is expected to devote half-time (four hours per day) to this project with work taking place on a 5-day-per-week basis.What is the total resource requirement for activity G? $$\begin{array} { | l | l | l | l | } \hline \text { Activity } & \text { Predecessar } & \text { Hours per Day } & \text { Time (Days) } \\\hline \text { A } & - - & 4 & 6 \\\hline B & \text { A } & 4 & 11 \\\hline \mathrm { C } & \text { A } & 5 & 5 \\\hline \mathrm { D } & \mathrm { B } & 4 & 6 \\\hline \mathrm { E } & \mathrm { B } & 4 & 6 \\\hline \mathrm { F } & \mathrm { B } & 6 & 3 \\\hline \mathrm { G } & \mathrm { C } , \mathrm { D } & \mathbf { 3 } & 11 \\\hline \mathrm { H } & \mathrm { E } , \mathrm { F } & \mathbf { 3 } & 8 \\\hline \mathrm { J } & \mathrm { G } , \mathrm { H } & 3 & 10 \\\hline \mathrm { K } & \mathrm { J } & 6 & 4 \\\hline\end{array}$$

• A)22 hours
• B)88 hours
• C)44 hours
• D)132 hours

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Definitions:

Second Best

A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.

Distortionary Tax

Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.

Economic Choices

Decisions made by individuals, households, or firms regarding the allocation of scarce resources to satisfy needs and wants.

Income Tax

A tax levied by governments on individuals or entities' income, constituting a major source of government funding.