In General,the Latest Finish Time for an Activity Is Equal

question 32

Multiple Choice

In general,the latest finish time for an activity is equal to

• A)latest finish time minus the activity time estimate.
• B)the minimum of the latest start times for the activities that immediately follow.
• C)the maximum of the latest start times for the activities that immediately follow.
• D)the average of the latest start times for the activities that immediately follow.

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Definitions:

Profit-Maximizing Principle

The economic principle that firms operate to achieve the highest possible profit from their operations, by adjusting output levels, pricing, or resource usage.

Marginal Analysis

An examination of the benefits and costs of an additional unit of change in economic decisions.

Marginal Benefit

The added gratification or usefulness that an individual acquires from the consumption of an additional unit of a good or service.

Marginal Benefit Curve

A graphical representation showing how the benefit to consumers changes with each additional unit consumed.