Given the critical path below,calculate the following:
a.The crash cost per unit time savings for each activity.
b.The maximum total crash time savings and cost.
c.The maximum total time-savings with a $3000 budget.
Definitions:
Equity Capital
Equity Capital is the amount of money that is invested in a company by its owners, in exchange for ownership interest in the company.
Rental Cost
The amount of money that must be paid regularly to lease a property or equipment.
Economic Profit
The distinction between aggregate income and comprehensive charges, covering both manifest and inferred expenses.
Opportunity Cost
The value of the best alternative foregone when making a decision.
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