Table 7.6 -Using Table 7.6, Suppose Activity I Is Delayed, Taking Eight

question 103

Multiple Choice

Table 7.6

-Using Table 7.6, suppose activity I is delayed, taking eight days to complete instead of two days. Assume all other activity times remain the same. How much longer will the total project earliest completion time become?

• A) zero days
• B) one or two days
• C) three or four days
• D) five or six days

---

Definitions:

Average Variable Cost

is the cost that varies with the level of output, calculated by dividing the total variable costs by the quantity of output produced.

Diminishing Returns

A rule that asserts when one input in the production process is augmented without changes to the others, there will ultimately be a decline in output after reaching a specific level.

Average Fixed Cost

The cost per unit that remains constant regardless of the level of production or output.

Output

The total amount of goods or services produced by a company or economy.