Examlex
When developing a project schedule,total float (or slack)refers to the amount of time a schedule activity may be delayed from its early start date without delaying the project finish date.
MR = MC
The economic principle where marginal revenue equals marginal cost; it is optimal for firms pursuing profit maximization.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, and firms make normal profits in a competitive market.
P = ATC
A condition where price equals average total cost, indicating that firms are covering all their costs but not making economic profit.
Disequilibrium
A state where market supply and demand are not balanced, leading to excess supply or demand and price fluctuations.
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