Use the Project Described in the Table to Determine the Total

question 5

Multiple Choice

Use the project described in the table to determine the total resources required for this project during week 2 if a worker is expected to devote half-time (four hours per day) to this project.Assume that the project work is conducted on a 5-day-per-week basis. $$\begin{array} { | l | l | l | } \hline \text { Activity } & \text { Duration } & \text { Predecessor } \\\hline \mathrm { A } & 5 \text { days } & - \\\hline \mathrm { B } & 4 \text { days } & \mathrm { A } \\\hline \mathrm { C } & 5 \text { days } & \text { A } \\\hline \mathrm { D } & 6 \text { days } & \mathrm { B } \\\hline \mathrm { E } & 6 \text { days } & \mathrm { C } , \mathrm { D } \\\hline \mathrm { F } & 6 \text { days } & \mathrm { E } \\\hline\end{array}$$

• A) 30 hours
• B) 20 hours
• C) 40 hours
• D) 36 hours

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Definitions:

Nondiscriminating Monopolist

A monopolist that charges a single price for all units of a product sold, rather than engaging in price discrimination among different consumers.

Perfectly Elastic

Perfectly elastic describes a situation in which the quantity demanded or supplied can change infinitely in response to any change in price.

Imperfectly Competitive

Describes a market structure where the conditions necessary for perfect competition are not fully met, allowing firms some power to set prices.

Marginal Revenue Curve

A graphical representation that shows how additional revenue varies with changes in output.