Consider the Project That Is Neatly Summarized in This Table

question 80

Multiple Choice

Consider the project that is neatly summarized in this table.What is the top priority activity when using the most successors leveling heuristic? $$\begin{array} { | l | l | l | l | } \hline\text { Activity } & \text { Duration } & \text { Predecessors } & \text { Workers Required } \\\hline \mathrm { A } & 2 & - & 3 \\ \hline \mathrm { B} & 4 & \text { A } & 4 \\\hline \mathrm { C } & 6 & \text { A } & 2 \\\hline \mathrm { D } & 7 & \mathrm {~B} & 5 \\\hline \mathrm { E } & 9 & \mathrm { C } , \mathrm { D } _ { 2 } \mathrm { E } & 2 \\\hline \end{array}$$

• A)A
• B)B
• C)C
• D)D

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Definitions:

Perfect Substitutes

Goods that can serve the same purpose perfectly, where consumers are indifferent between them and will select based on price.

Giffen Good

A product that paradoxically sees an increase in demand as its price increases, violating the basic law of demand due to the income effect overshadowing the substitution effect.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, opposite of a normal good.

Substitution Effect

The change in consumption patterns due to a change in the relative price of goods, leading consumers to substitute away from higher-priced goods toward lower-priced ones.