A Network Consists of the Activities in the Following List

question 17

Essay

A network consists of the activities in the following list.Times are given in weeks.
a.Draw the network diagram.
b.Calculate the ES,EF,LS,LF,and Slack for each activity.
c.What is project completion time?

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Definitions:

Fixed Costs

Expenses that do not change with the level of output, such as rent or salaries.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the per unit cost of production.

Marginal Cost

The enhancement in overall pricing due to the generation of an extra unit of a good or service.

Cost Curves

Graphical representations used in economics to show the total cost of producing different quantities of output, helping businesses determine optimal production levels.