Use the Data to Calculate the Earned Value for the Project.All

question 89

Multiple Choice

Use the data to calculate the earned value for the project.All amounts are in thousands of dollars. $$\begin{array} { | l | l | l | l | l | l | l | } \hline & { \text { Duration (weeks) } } & \\\hline & 5 & 10 & 15 & 20 & 25 & \% \text { Comp } \\\hline \text { Conceptual Design } & 10 & 6 & & & & 100 \% \\\hline \text { Graphics Design } & & 12 & 6 & 4 & & 75 \% \\\hline \text { Copyright } & & & 4 & 5 & 6 & 5 \% \\\hline \text { Samples } & & & 4 & 2 & & 25 \% \\\hline \text { Tooling } & & & 6 & 9 & 4 & 10 \% \\\hline \text { Production } & & & 2 & 6 & 14 & 10 \% \\\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \\\hline \text { Cumulative } & 10 & 28 & 50 & 76 & 100 & \\\hline\end{array}$$

• A) $38,500
• B) $43,250
• C) $54,750
• D) $100,000

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Definitions:

Utility Function

A quantitative model showing how buyers prioritize various combinations of products based on their happiness or usefulness.

Apples

A type of fruit that is grown worldwide and comes in various colors and flavors.

Bananas

A curved, yellow fruit rich in potassium and dietary fiber, commonly consumed worldwide.

Utility Function

A mathematical representation of a consumer's preference structure for ranking different bundles of goods based on the satisfaction they provide.