Question: 12) _ a new electronics product involves two activities that can he carried out independently: software development and hardware development. These activities would normally take

 12) _ a new electronics product involves two activities that can

12) _ a new electronics product involves two activities that can he carried out independently: software development and hardware development. These activities would normally take 18 weeks and 20 weeks respectively, and the product development project is complete when both have been completed. If software development can he sped up at a cost of $1 million per week, and hardware development can he sped up at a cost of $2 million per weekI what is the cost of reducing the project completion time to a) 19 weeks and h} 17 weeks? Answer: a) $2 million (speed up hardware development one week) h) $7 million {speed up hardware development by 3 weeks, software development by 1 week]

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