The Following Table of Probabilistic Time Estimates (In Weeks)and Activity

question 43

Multiple Choice

The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project.
Table ZZ
-Using Table ZZ,the expected time to complete activity A is

• A)5.00 weeks.
• B)7.33 weeks.
• C)7.67 weeks.
• D)8.00 weeks.

Understand the concepts of public goods, private goods, and their characteristics.

Identify and explain market failures related to public goods, including the free-rider problem.

Recognize the conditions under which the provision of public goods is optimal, including the role of the government.

Distinguish between rival and nonrival, excludable and nonexcludable goods.

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