In Making a Backward Pass Through a Network, Activity T

question 113

Multiple Choice

In making a backward pass through a network, activity T immediately precedes three activities. What is the late finish time for activity T?

• A) the smallest LS for the three activities that activity T immediately precedes
• B) the largest LS for the three activities that activity T immediately precedes
• C) the smallest LF for the three activities that activity T immediately precedes
• D) the largest LF for the three activities that activity T immediately precedes
• E) the activity time for activity T

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Equilibrium Price

The market price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.

Equilibrium Quantity

The level of goods or services being both offered and requested at the market's equilibrium price.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, clearing the market.