When Using Linear Programming to Make Crashing Decisions,the Objective Is

question 32

Multiple Choice

When using linear programming to make crashing decisions,the objective is to minimize:

• A)the total cost of crashing the project
• B)the total of the durations of the activities on the critical path
• C)the latest finish time of the finish node
• D)the total number of activities on the critical path e None of the above

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Definitions:

Profit-Maximizing Quantity

The quantity of output at which a firm's profit is at its maximum, where marginal cost equals marginal revenue.

Market Price

The price at which a product or service is traded in the open market.

ATC

Average Total Cost, which is the total cost per unit of output produced, calculated by dividing the total cost by the quantity of output.

MR

Marginal Revenue, which is the additional income from selling one more unit of a good or service.